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What man discussed how competition controls and regulates an economy?
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What are the 6 characteristics of the united states economy?
Limited government Freedom of Enterprise Freedom of choice Profit incentive Private property Competition
What is the smallest type of economy?
Traditional economy
What does an econimist do?
An economist studies the economy.
What is South Korea's economy based on?
strategy is a comprehensive overhaul of South Korea's economy,
What two economies are widespread in the Middle East?
Free-economy and command-economy.
What ''invisible hand'' regulates the free market economy?
competition and self-interest
What invisible hand regulates the free-market economy?
competition and self interest
How do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
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.
Who controls a mixed economy?
The state controls a mixed 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.
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
Government regulates and promotes businesses in a what?
Executive branch
What does the watchdog of the economy do?
engineers economic controls to maintan a stable economy.
What organization regulates the items that must be included on the fuel economy portion of a vehicle's window sticker?
The Environmental Protection Agency regulates the items that must be included on the fuel economy portion of a vehicle's window sticker.
What organization regulates the items that must be included on the fuel economy portion of a vehicles window sticker?
The Environmental Protection Agency regulates the items that must be included on the fuel economy portion of a vehicle's window sticker.
