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Who will buy goods in traditional economies private consumers or industry?
Wiki User
∙ 12y ago
i would say a private consumer because the traditional economy would no longer be traditional if it was to be controlled by an industry.
Wiki User
∙ 12y ago
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What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
Of the three types of economies command market and traditional which does the following fit into Rich Americans tend to send their children to private schools.?
traditional
Who is the primary consumer of small arms ammunition?
Most of the ammunition made by manufacturers in this industry is sold to private consumers: 44 percent in 1992, up from 40 percent of industry sales in the 1980s.
What are the features of a mixed economy?
A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.
Most industrialized nations operate economies based on?
private enterprise systems
Differentiate among private enterprise communism socialism and mixed economies?
Answer:Private enterprise refers to private ownership of capital and enterprise and the operation of such as a means to generate a profit for private owners or shareholders. An economy dominated by private enterprise is called capitalism. Private enterprise usually relies heavily upon free market principles, but is compatible with regulated markets as well as semi-planned economies as in the case of corporatist economic systems. The basic principles behind free-market private enterprise are that people are free to contract with other people with minimal government regulation.Communism refers to a state of society where private property in the means of production and wage labor are abolished. Communism is also defined as a doctrine for the liberation of the working class, and is heavily based on the theories of Marxism. Communist theory declares private property in productive property and common resources to be theft, and that profit derived from private owners and shareholders to be exploitation of the producers (proletariat). Free market principles are rejected for a planned economy where the flow of goods and services is controlled by the community, usually through democratic means via council democracy.Socialism is an economic system whereby either the state or worker cooperatives own and control the means of production, strategic resources and major industry. The principle of socialism is to organize the economy in a rational manner that avoids the pitfalls of capitalism and the free market through planned or state directed economic systems. Socialism can also utilize the market mechanism to distribute goods and services in the form of market socialism, where the state or public retains ownership of major economic institutions. The revenue generated by the state economy would be used to finance government programs, potentially eliminating the need for taxation. A private sector for non-heavy industry can exist in a socialist system, but the state, public or cooperative sector would play the dominant role in the economy.Most economies are considered mixed economies in the Western world today. Mixed economies include welfare states, social market economies and highly regulated capitalist economies. Features of mixed economies are regulation of private enterprise, progressive taxation, a re-distribution of wealth through welfare programs and social safety nets. Some mixed economies have a large public sector that coexists with a dominant private sector.
What kind of taxes the laissez faire economies recommend?
Laissez faire economies are known to be an extreme case of market economies where the state cannot intervene in transaction between private parties, not even for taxation purposes...... there are no taxes
What was the way after Mikael Gorbachev attempted to introduce a market economy?
private ownership of agriculture and industry.
What leader caused Argentina economies to decline when he nationalized many private industries?
Juan Peron
Is there a source for private company industry benchmarks?
Sageworks Industry Data is a comprehensive, private company industry data platform that allows users to gather real-time industry data and specific industry recommendations. Information found at http://www.sageworksinc.com
Does the homebuilding industry produce public goods or private goods?
service industry
Reagan s economic revolution was based on the simple fact that?
private industry should create jobs.
