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What type of economy does European Union have today Market or Command?
Wiki User
∙ 14y ago
how should i know!!!
Wiki User
∙ 14y ago
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How does a country join the European union?
agree to have a market economy
What must a colony do to join the european union?
agree to have a market economy
Is Ireland a market economy?
Yes, in common with all other members of the European Union.
What has inspired Turkey to take steps toward becoming a greater market economy?
Desire to join the European Union. :)
How is command economy different from the US 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.
Does North Korea have an Command Economy?
North Korea has a command economy.that they developingsee link below
Why does Russia have a command economy?
The so called command economy of China is based on the reality that all major economic issues are decided upon by the Communist party leaders of this country.
How has economy changed over time?
Historically, this area's economy was based on agriculture. The Soviets created a command economy. Since the end of the Soviet Union, this region is trying to develop a market economy.
How is a command economy different from the other economic systems?
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.
Contrast how a market system and a command economy try to cope with the problem of economic scarcity?
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies. Read more: http://www.investopedia.com/terms/c/command-economy.asp#ixzz27xmMBJXEA market system is an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
The economy of the former Soviet Union most closely approximated...........?
A command economy.
The Soviet Union's command economy was successful?
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