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Compare the three economy questions to command economy market economy and traditional economy?
Wiki User
∙ 14y ago
- traditional economy: resources are allocated based on custom and tradition
- mixed economy:resources are allcoated based on mixed informtion given.
- command economy: resources are allocated by the government or other central authority
- market economy: resources are allocated by individuals
Commusim
Wiki User
∙ 14y ago
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What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
How market traditional and command economy adapt to change?
A traditional and command economy adapt slowly, a market economy adapts fast.
Is Russia primarily a traditional or command or market or mixed economy?
command economy
Does Serbia have a traditional command or market economy?
It has market economy
What are other names for traditional economy?
command economy
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
How market traditional and command economy adapt to change?
A traditional and command economy adapt slowly, a market economy adapts fast.
Is Russia primarily a traditional or command or market or mixed economy?
command economy
Who answers the three economic questions in a command economy?
The government answers the three economic questions in a command economy.
Does Niger have a mixed market command or a traditional economy?
traditional
Does Serbia have a traditional command or market economy?
It has market economy
Is Israel a traditional market command or mixed economy?
Mixed economy because it is only command on the farming.
What are other names for traditional economy?
command economy
Does Venezuela have a traditional command free market or mixed economy?
it has a free economy
How can you tell if a country is traditional in economy or command economy?
It all depends on the region
Is iraq's economy market mixed traditional or command?
iraq's economy is mixed
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
