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the competition in the market economies encourages both qyality and low prices.
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Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
What factors contributed to the collapse of command economies at the end of the 20th century?
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.
Which factor contributed to the collapse of command economies in communist countries at the end of the 20th century?
Answer this question… They were much less efficient at producing goods than Western free market economies.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
What factors contributed to the collapse of command economies at the end of the 20th century?
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.
Which factor contributed to the collapse of command economies in communist countries at the end of the 20th century?
Answer this question… They were much less efficient at producing goods than Western free market economies.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
Are small farmers more efficient or less efficient than big land owners?
Due to economies of scale, this statement is incorrect.
What factors contributed to the collapse of communism in the Soviet Union?
They were much less efficient at producing goods than western free market economies
A tax always makes a market less efficient true or false?
true
Is the free-market quantity of public goods generally greater or less than the efficient quantity?
Less than.
Do command economies have a higher GDP?
People are less likely to be creative if people are telling them what and how to work. Even though China is a successful command economy, for the most part command economies do not have a higher GDP. A healthy government allows people to higher standard of living which affects education, living standards, literacy, health, and most importantly for this question, GDP.
Which of these is a correct description of one of the ways in which a command economy differs from a market economy?
In a command economy, individuals have less economic freedom.
