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Why are former socialist and command economies like those of China Cuba and Russia adopting more free market practices?
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What are the econimes market and command?
what are command economies
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Which of these is a mixture of command and market economies?
capitalism
Is there a pure command and pure market economies?
no
What do command economies emphasize?
Command economies emphasize government allocation of production.
What are the econimes market and command?
what are command economies
Are command economies dictatorships?
no
What are the three main types of economies?
Command, traditional, and market economies
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
What kinds of economies did Eastern European countries have before the fall of communism?
command economies
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Which of these is a mixture of command and market economies?
capitalism
Is there a pure command and pure market economies?
no
What Caribbean country has command economy?
Cuba is one of the command economies in the Caribbean.
Who was one of the first proponents of employing market economies instead of command economies?
Adam Smith
What countries are under command economies?
China, South Korea, Cuba, and Russia are countries that are under command economies. This type of economy is common in a communistic country.
