What is the basis of most activity in a market economy?

Colombia has a 'mixed' economy in terms of a certain level of Government regulation in what can be largely considered a free market economy. This is what most Western economies have. A command economy is what the old Communist States had: economic activity was almost totally dictated by Government demands and regulations. A capitalist economy has almost total freedom of economic activity with an absolute minimum of Government involvement. Not even the US has that…

Why do most economies in the world today operate somewhere between a market economy and a command economy?

Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of…

What is a market economy based on?

A market economy is based on the general idea that private companies should be the source of most of any nations commercial production. Regulations by a government are always necessary, however, a market economy is not one where a nations' government makes major economic decisions or owns major sectors of an economy.

What region in Canada has the most people and the most economic activity-?

Alberta's economy is a sum of all the economic activity in Alberta, which is Canada's fourth largest province by population.

The manor economy is based on?

The manor economy, like the economy of the middle ages as a whole, is based on agriculture. Farming, herding, orchards, and textile production was the basis of most wealth.

How is the US economy different from a command economy?

Most economies and industrialized states, such as and including the United States of America, are free market systems. A command market economy, with the chief example of the bygone Soviet Union has the state (as opposed to the market) determine production and resource allocation.

What most accurately describes the economy that exists in Hong Kong?

It is mostly a free market economy with few government regulations.

Who receives the most of what is produced in a market economy?

those who are willing and able to buy them.

What are the features of a mixed economy?

A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.

A country moving from a command economy to a market economy will most likely do what?

Reduce government control of business----- Study island question

What is a mixed-market economy?

A mixed market economy is one in which most decisions are made by producers (firms) and consumers (households), but the government does have a role in the economy: to ensure that equity/fairness takes place and that everything runs smoothly also the Government plays the role of a market / Economy Watcher they sit back and only intervene when needed.

What is a nuclous?

A nucleus is the central part of an object. It is the most important part to form the basis for its activity and growth.

How do most countries strike a balance between having a pure market and a pure command economy?

Most Countries Have A Mixed Economy!!!:0 Oh Yeah We Ballin

Does Japan have a command economy?

The county of Japan does not have a command economy. Japan became one of the most developed and economically successful countries in Asia after adopting a market economy.

Which of the following statements most accurately describes the economy that exists in Hong Kong?

It is mostly a free market economy with few government regulations.

What is the most important economic activity in Ecuador?

Services and commerce, roughly representing 59% of Ecuador's economy.

What does nucleus mean-?

the central and most important part of an object, movement, or group, forming the basis for its activity and growth.

What is nucleus definition?

The central and most important part of an object, movement, or group, forming the basis for its activity and growth.

Why do most economies in the world today operate somewhere in between a market economy and a command economy?

cause some countries people make there own businesses that is for market, and also being run by the government that is command.

What is the Main characteristics of USA a developed economy?

Main characteristics of USA, a developed economy? Main characteristics of INDIA,a developing economy? compare both the economics on the basis of characteristics as noted above? stress on those characteristics of Indian economy which seems as weakness in the development of an economy? give your suggesstion on the basis of the detail you have collected above what charecteristic India should achieve to become a developed economy? make an emphasis on the most significant features of economy…

What role does entrepreneurship play in the economy?

In the U.S economy entrepreneurs are businessmen; they create employment, pay taxes, most often than not they start something new in the market, which stimulates the economy.

What is the single most important reason to run a business in market economy?

Money and other benefits

What is the best kind of Economy for a country?

Most people would say a market economy, but it really also depends on how efficient and responsive the government really is.

By the late twelfth century what economic activity replaced agriculture as the most dynamic force in the European economy?

By the late twelfth century trade replaced agriculture as the most dynamic force in the European economy.

US a developed country?

Main characteristics of USA, a developed economy? Main characteristics of INDIA,a developing economy? compare both the economics on the basis of characteristics as noted above? stress on those characteristics of Indian economy which seems as weakness in the development of an economy? give your suggesstion on the basis of the detail you have collected above what charecteristic India should achieve to become a developed economy? make an emphasis on the most significant features of economy…

What is the role of government in a free market economy?

When people say "Free Market" economy, they have in mind what most economists would call a True Free Market Economy. When people refer to a "Market" economy, they generally have in mind the economists' "Mixed Market Economy". This answer is based on a True Free Market economy. Look at the Related Questions section for answers around a Mixed Market economy. Besides functions which aren't specifically related to the economic model that a country employs (e.g…

What are some examples of nations who use command economy market economy and traditional economy?

Examples of countries that use a command economy are the following: China Cuba Examples of countries that use a market economy are the following: United States Canada Assuming you mean a socialized economy by way of traditional economy, below are examples of some countries that use a socialized economy Italy France Please keep in mind that no country is an absolutely pure version of each type of economy. You could say the United States, for…

What countries have free market economy?

In terms of Economic Theory, there are really only two forms of national economy currently in use in the world today: Planned, and Market. Planned economies have government direction of production and heavy regulation of consumption; market economies allow for self-driven economic activity (though there may be degrees of government regulation or involvement). Planned economies are in no way considered a "free market", so all countries using that form of economy would not be an…

Does the US have a capitalistic economy?

YES. The US is a mixed economy, but is primarily a free-market capitalist economy. Most businesses are owned by private individuals and the government does not control investment or business choices.

Why is the stock market important?

The stock market is a symbol of the nations economy and strength. A country whose stock market is sound and going up is considered to be in great economic status. Since the stock market comprises of the shares of the largest and most successful companies in the country its considered the indicator for the nations economy and industrial production.

Is Canada a market economy or a command economy?

The daily lives of the society are influenced by the Market economy. Consumers and their buying decisions drive the economy. The role of the government within a market economy is to make sure that the market is stable enough to carry out its economic activities properly. When a community of people all work together and do their part, the society will survive. For instance, when consumers are purchasing vehicles from foreign countries, the Canadian businesses…

An economic system that uses both free-market and command principles?

It's called a mixed economy, and that's what most economies in the world are. There are only a few exceptions. North Korea has a completely command economy, and perhaps the Grand Cayman Island has a completely free market economy.

Which economic activity was the basis for the most of the wealth and power of the west africian empires oof Ghana and mali?

trading in salt and gold

What are the 3 types of economy?

Market Economy - Where consumers decide which goods and services they want and businesses provide these. Most businesses in a market economy are privately owned. The USA is an example of a market economy. Command economy - Where the government owns most businesses. The government decides what and how much will be produced. Russia and China used to have planned economies. Traditional economy - an economic system in which people make economic decisions based on…

In a market economy what are the most important factors affecting scarcity?

C) the degree to which the government is involved in the allocation of resources.

What was the main idea behind economist Adam Smith's book The Wealth of Nations?

market economy is most profitable