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Do all economic systems you central planners to decide how much of a good will be produced?
Not all economic systems rely on central planners to determine production levels. In command economies, central planners make these decisions, while market economies allow supply and demand to dictate production through individual choices and competition. Mixed economies incorporate elements of both, where some goods are produced through central planning and others through market mechanisms. Each system has its own approach to balancing efficiency, equity, and resource allocation.
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Which of the four econoic systems has the most involvement with the government?
Of the 4 economic systems the one that is most directly involved with the government is command economy. The definition of command economy is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
What is the difference between economic systems and economic activities?
Distinguish between economics activities and economics system
What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
Why cultures develop economic systems?
why dp cultures develop economic systems
How is the question of what goods and services will be produced determined under a custom based system and a planned economic system?
In a custom-based economic system, the production of goods and services is determined by traditional practices and cultural norms, often relying on historical methods and local needs. In contrast, a planned economic system relies on central authorities, such as government agencies, to make decisions about production based on set goals, resource allocation, and societal needs. While custom-based systems prioritize community traditions, planned systems focus on systematic control and coordination of economic activities.
Which of the four econoic systems has the most involvement with the government?
Of the 4 economic systems the one that is most directly involved with the government is command economy. The definition of command economy is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
what of these is not one of the five problems all economic systems face?
where will the good be produced
What are Five problems all economic systems face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
What is a command systems?
Refering to the economic system it means that there is government ownerships and a central planning board.
Catecholamines are produced by what cells?
Catecholamines are produced by chromaffin cells in the adrenal medulla and by sympathetic neurons in the central and peripheral nervous systems.
What is the difference between economic systems and economic activities?
Distinguish between economics activities and economics system
As chief justice of the US John Marshall helped to ensure that?
the political and economic systems were based on a strong central government.
What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
Why cultures develop economic systems?
why dp cultures develop economic systems
What are the three economic systems?
1. What goods and services should be produced? (goverment,producer, consumer) 2. How should these goods and services be produced? (goverment, producer, consumer) 3. For whom should the goods and services be produced?(goverment, producer, consumer)
What is a way of defining economic systems?
One way to define economic systems is to classify them according to whether they are market systems or command systems.
How is the question of what goods and services will be produced determined under a custom based system and a planned economic system?
In a custom-based economic system, the production of goods and services is determined by traditional practices and cultural norms, often relying on historical methods and local needs. In contrast, a planned economic system relies on central authorities, such as government agencies, to make decisions about production based on set goals, resource allocation, and societal needs. While custom-based systems prioritize community traditions, planned systems focus on systematic control and coordination of economic activities.
