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Why do all market economies have taxes to support armed forces police forces public school and at least some form of public transportation?
Wiki User
∙ 11y ago
All countries have discovered that profits will motivate firms to solve most, but never all, of their economic needs.
Gerda O'Conner
Wiki User
∙ 9y agoAll countries have discovered that profits will motivate firms to solve most, but never all, of their economics needs.
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Why do all market economies have taxes to support armed forces police forces public schools and at least some for of public transportation?
The public services that you list play a necessary role in creating an environment in which people can safely conduct the commerce of a market economy.
Why do all market economies have taxes to support armed forces police forces public schools and at least some form of public transportation?
All countries have discovered that profits will motivate firms to solve most, but never all, of their economic needs.
What forces that make market economies work are?
supply and demand
Competition and self interest are two important forces in?
Competition and self-interest are two forces in free market economies.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
Why do all market economies have taxes to support armed forces?
Presumably the question is referring to "free market economies" as opposed to command economies or even agrarian economies or that of a bartering economy. All economies have markets and as such all are market economies. While not every nation's economy has taxes to support their military, it is generally accepted that most sovereign nations require a military in order for protection of their own land, people, and property. However, a modern military is an expensive necessity ,in most cases, to have. While in the past (think middle ages) people have "volunteered" a certain amount of days a year to their leader for military services. It was discovered though, that a trained, professional force of soldiers always on standby offers a much higher quality of defense, as well as provides jobs to a nation. Due to this, many nations tax their citizens in order to provide this type of protection to them.
What is meant by transition economies?
The economies which are converting from social market system to capital market system
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
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 usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
What do critics say about command economies?
Critics commonly argue that because planned economies cannot effectively process as much relevant information as a market does, command economic systems cannot coordinate economic activity or satisfy consumer demand as well as market forces do.
