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What must the government provide to a property owner if it needs to take his property for government use?
If the government needs private property for its own use, they should give fair market value to the owner of the property. The property owner can also give the government an easement agreement to the property and still retain ownership.
How do societies respond when the government fails to meet their needs?
Who knows what will happen? That's the cause of much anxiety these days.
Why does the government respond to the needs views or request of citizens?
please help
When and to what extent is it acceptable for the government to place the needs of the nation over the rights of the individual?
In cases where there is a breach in national security, it is acceptable for the government to place the needs of a nation over the rights of an individual. The government is trying to protect the national security of the United States all the time.
True false government is the process of accommodating different needs and viewpoints?
False
How did the growth of cities and towns in the colonies lead to the development of an free-market econonmy?
Meeting needs through trade allowed free-market economies to develop in these towns.
A mixed economy combines elements from market and economies. In a mixed economy both individuals and participate and enterprises are both publicly and privately owned. A mixed economy combines element?
A mixed economy blends features of both market and planned economies, allowing for a balance between private enterprise and government intervention. In this system, individuals can own businesses and make economic decisions, while the government regulates certain sectors and provides public goods and services. This combination aims to leverage the efficiency of the market while addressing social welfare and equity concerns. As a result, mixed economies can adapt to changing economic conditions and societal needs.
What are the similarities between planned economy and market economy?
Both planned and market economies aim to allocate resources effectively to meet the needs of society, albeit through different mechanisms. In both systems, the government can play a role; for instance, a planned economy relies on central planning, while a market economy may involve government regulation to correct market failures. Additionally, both systems strive for economic stability and growth, although they approach these goals through contrasting methods. Ultimately, both economies must balance supply and demand to function effectively.
What is Difference between pure market and command economies?
In a market economy, resources are allocated to the production of goods and services on the basis of decisions made by individual businesses anticipating customer needs and desires. The communication
Why does even a free market economy need some government intervention?
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
What are two types of economies found among different Native American groups?
Two types of economies found among different Native American groups are subsistence economies and market economies. Subsistence economies rely on hunting, gathering, and agriculture to meet the basic needs of the community, as seen in groups like the Plains Indians who depended on buffalo. In contrast, market economies involve trade and commerce, where tribes engage in the exchange of goods and services, often influenced by interactions with European settlers, like the Iroquois who traded furs and crafts.
What is the effect of economic dualism on a country?
Dual economies are common in less developed countries, where one sector is geared to local needs and another to the global export market.
Would famine make people more sufficient?
No. Famine would decrease productivity and hurt the economies of the grocery market. People would be shifting their needs from technological advances in medicine and entertainment to lower essential needs.
How is the basic economic problem of scarcity solved in a planned economy?
In a planned economy, the basic economic problem of scarcity is addressed through centralized decision-making by the government or a central authority. This body determines the allocation of resources, production levels, and distribution of goods and services based on societal needs and goals, rather than market forces. By controlling these factors, the government aims to efficiently meet the population's needs and reduce waste. However, this can lead to inefficiencies and a lack of responsiveness to consumer preferences compared to market economies.
Why do centrally planned economies have difficulty meeting consumers need?
In a free-market economy, the various suppliers of goods can increase or decrease production in relation to sales in the marketplace. This means that consumer's needs can be properly taken into account by the suppliers. Conversely, in a centrally planned economy, there is a long time differential between the supply as determined by the government and any changes that the government may make to that supply. As a result, the marketplace cannot adequately take care of consumers' needs.Additionally, it is not clear that the government will allocate production based on what the consumers actually want to consume. Governments may choose to produce specific products that they wish more members of the populations to have and fewer products that they wish to not be used in society. The amount of product in the market could be set based on bribes and corruption. The amount of product in the market could be based on government interest in companies making the product. There are even cases where the government wants to properly map consumers' needs, but are unable to accurately forecast those needs.
How are All large modern economies answer most of the basic economic questions of what to produce how and for whom by?
Large modern economies typically answer the basic economic questions of what to produce, how to produce, and for whom through a combination of market mechanisms and government intervention. Market forces, driven by supply and demand, help determine what goods and services are produced and at what price. Additionally, governments may implement regulations, provide public goods, and offer social welfare programs to address market failures and ensure equitable distribution. This mixed approach allows for adaptability and responsiveness to changing economic conditions and societal needs.
What is the difference between market and command economies?
In a market economy, resources are allocated to the production of goods and services on the basis of decisions made by individual businesses anticipating customer needs and desires. The communication link between producer and consumer can be direct. In a command economy, resources are allocated to the production of goods and services on the basis of decisions made by government technocrats, usually based on directives from a centralized political body anticipating the needs, and possibly wants, of the nation and its citizenry. The communication link between producer and consumer is routed through and interpreted by technocrats, who are often employed by politicians that may or may not have been elected by the citizenry (consumers).
