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What is the difference between free markets economy and command market economy?
Wiki User
∙ 8y ago
A mixed economy is an economy that includes a variety of private and government control, or a mixture of capitalism andsocialism.[1]
There is not one single definition for a mixed economy,[2] but relevant aspects include: a degree of private economic freedom(including privately owned industry) intermingled with centralized economic planning and government regulation (which may include regulation of the market for environmental concerns, social welfare or efficiency, or state ownership and management of some of the means of production for national or social objectives).
For some states, there is not a consensus on whether they are capitalist, socialist, or mixed economies. Economies ranging from the United States[3] to Cuba[4] have been termed mixed economies.
The mixed economy as an economic ideal is supported by social democrats as a compromise between classic socialism (government ownership of the means of production) and free-market capitalism,[5] among others.
Tanya Gaylord
Wiki User
∙ 13y agoA mixed economy is an economy that includes a variety of private and government control, or a mixture of capitalism andsocialism.[1]
There is not one single definition for a mixed economy,[2] but relevant aspects include: a degree of private economic freedom(including privately owned industry) intermingled with centralized economic planning and government regulation (which may include regulation of the market for environmental concerns, social welfare or efficiency, or state ownership and management of some of the means of production for national or social objectives).
For some states, there is not a consensus on whether they are capitalist, socialist, or mixed economies. Economies ranging from the United States[3] to Cuba[4] have been termed mixed economies.
The mixed economy as an economic ideal is supported by social democrats as a compromise between classic socialism (government ownership of the means of production) and free-market capitalism,[5] among others.
Wiki User
∙ 11y agoa free market economy allows business owners to compete in the market with little government interference command economy is when the government has all control over a country or place
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All of these are describing what market type of market structure?
Four types of markets are institutional, B2B, consumer, and reseller.
What is the difference between a labor market and a factory market?
The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods.
How are economic decisions made in a command economy?
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
Is Iran a mixed economy a market economy or a command economy?
There is this guy who is spaming me because I'm putting up bad markets. Anyway it's a command economy because I eat cheese. He he he see where he's coming from eh?
In a command economy how are decisions made?
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
Which countries dont have a mixed economy?
There isn't a national economy that is totally capitalist or totally command economy. Every economy leans to one or the other. The only examples that would differ would be tribal economies. The USA is regarded as the most capitalist economy but there are many elements of a 'command' ie. Federal Reserve, government intervention in the markets etc. Cuba could be regarded as the most command economy, but the free market infiltrates.
What is the difference between old markets and new markets?
I think like that the newer markets are just a wide variety than the other
China has experienced rapid economic growth since the late 1970s as a result of?
Shifting from a command economy to a mixed economy.
Difference between primary n secondary markets?
the difference is that primary markets are really fat. the secondary market is a skinny kid that doesnt eat candy
Is the Philippines a market or command economy?
the Philippines is a mixed market economy. the country has many ties to the united states and is entirely dependent on the united states markets. because of this, the united states influences the Philippines to have a mixed market economy.
What is the difference between dealer and stock markets?
differance between stock market and dealer market?
How did the nationalization of the markets affect the economy?
the economy experienced panics
