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What else can I help you with?
What are the econimes market and command?
what are command economies
Are command economies dictatorships?
no
What are the three main types of economies?
Command, traditional, and market economies
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
What kinds of economies did Eastern European countries have before the fall of communism?
command economies
What Caribbean country has command economy?
Cuba is one of the command economies in the Caribbean.
Which of these is a mixture of command and market economies?
capitalism
Is there a pure command and pure market economies?
no
What are the societal goals of the four economic systems?
The four economic systems—traditional, command, market, and mixed—each aim to achieve specific societal goals. Traditional economies focus on cultural continuity and community welfare, while command economies prioritize equitable distribution and state control over resources. Market economies emphasize individual freedom and efficiency through competition, aiming for innovation and consumer satisfaction. Mixed economies strive to balance these goals, promoting social welfare alongside economic growth and efficiency.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
What countries are under command economies?
China, South Korea, Cuba, and Russia are countries that are under command economies. This type of economy is common in a communistic country.
Who was one of the first proponents of employing market economies instead of command economies?
Adam Smith
