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Any governmental system that takes a lazze-faire (hands off) approach to the market is not responsible for how the economy is run. These economies are run by the market (buyers and sellers). Socialist and Communist governments take a centrally-planned approach to economics, usually ending disastrously.
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What is an economic system run by the government?
The definition of a state-run economy would be Communism but there is no definition of providing for its citizens.
What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
An economic system run by the government is?
Any governmental system that takes a lazze-faire (hands off) approach to the market is not responsible for how the economy is run.
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
What is the economic system which has a socialist economic system and a totalitarian form of government?
CommunismNovaNet
What is an economic system run by the government?
The definition of a state-run economy would be Communism but there is no definition of providing for its citizens.
What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
An economic system run by the government is?
Any governmental system that takes a lazze-faire (hands off) approach to the market is not responsible for how the economy is run.
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
What is the economic system which has a socialist economic system and a totalitarian form of government?
CommunismNovaNet
What kind of economic system does Poland have?
Capitalist: class ownership, wages system, production for sale.
Which economic system says that land business and industry should be owned and run by by individula citizens and not by the government?
This would be capitalism.
Is traditional economic system controlled by government?
NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.
In the US what role does the government play in the economic system?
the government enforces economic laws and regulations
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
How does the government control the economic system?
the government controls the economic system through banks taxes and other ways inwhich we may not think of.
Government ensures a what system to control money?
It has an economic system
