no one
firms produce only what people with money want and need.
The similarities between command economy and market economy include the following: both have - producers, consumers, retailers, goods, services, prices, incomes, distribution, money, labor, capital, technology,
In a market economy, resources are allocated to the production of goods and services on the basis of decisions made by individual businesses anticipating customer needs and desires. The communication
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
Some factors that contributed to the collapse of command economies were the following:They were much less efficient at producing goods than Western free market economies.They were too focused on producing consumer goods instead of valuable new technologiesApex: They were much less efficient at producing goods than Western free market economies.
firms produce only what people with money want and need.
The United States produces around 20% of the world's goods and services, making it one of the largest economies globally.
A business that produces goods or services is called an industry.
The similarities between command economy and market economy include the following: both have - producers, consumers, retailers, goods, services, prices, incomes, distribution, money, labor, capital, technology,
barter economies where goods and services are exchanged without the use of money.
Manufacturing produces goods. Services provide services.
a good
Industry
In a market economy, resources are allocated to the production of goods and services on the basis of decisions made by individual businesses anticipating customer needs and desires. The communication
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
Some factors that contributed to the collapse of command economies were the following:They were much less efficient at producing goods than Western free market economies.They were too focused on producing consumer goods instead of valuable new technologiesApex: They were much less efficient at producing goods than Western free market economies.
Answer this question… Localized economies give communities more control over the goods and services they produce.