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The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
What else can I help you with?
Would the production-possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
Why does ppf useful in command economy?
The Production Possibility Frontier (PPF) is useful in a command economy as it visually represents the trade-offs and opportunity costs associated with resource allocation decisions made by the government. It helps policymakers understand the maximum potential output of different goods and services, facilitating efficient planning and prioritization of resources. By illustrating the limits of production, the PPF can guide strategic decisions to achieve desired economic goals while balancing various sectors. Ultimately, it aids in assessing the impact of changes in resource distribution on overall economic performance.
A word for to order or direct with authority?
One possibility is "command".
What do command economies emphasize?
Command economies emphasize government allocation of production.
Who wanted to command a militia with the purpose of removing Americans from the Virginia frontier?
Nathaniel Bacon
What is a word that start with L and means command?
One possibility is the word law.
In a what does the government controls production?
Command economy
Who wanted to command a militia with the purpose of removing native Americans from the Virginia frontier?
Nathaniel Bacon
Who wanted to command a militia the purpose of removing native Americans from the Virginia frontier?
Nathaniel Bacon
What government owns and operates the factors of production?
Command
In which economic system does the government own the means of production?
command
What government decides the production and distribution of goods?
command economy
