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What else can I help you with?
What pictures could you use for command economy?
a government guy doing the stuff, not the people
What is the role of the government in a market economy?
The government ensures that companies aren't abusing their power. If they are found to be doing so, the government steps in to change regulations.
What would the government do or refrain from doing under a laissez faire philosophy?
not become involved in the economy
When booming business activity of the 1920 what were some weaknesses of the economy?
two weaknesses were no money and government were doing the laizarre faire
How do you feel the economy has been doing so far?
all governments have agreed that the economy of the nations are not very good. I feel the same way they do. I know that government officials are doing the most to cover this situacion.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
How would the government Respond to a slowdown in economy?
Stop printing money.
What ind of government does Canada have?
Canada currently has a very good government that has kept us out of a deep recession, people are working and our economy is doing well - something to be proud of.
Do Keynesian economist believe that the economy is self regulating?
No, they regulate the economy by doing 2 things: 1)increasing government spending and decrease taxes to fight recession 2) decrease government spending and increase taxes to fight inflation.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
