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Does Adam smith's invisible hand also function in traditional and command economies?
Wiki User
∙ 10y ago
no it didn't
Wiki User
∙ 10y ago
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What countries have command traditional market economies?
many many many :)
The most accepted argument in favor of market economies is their efficiency The argument most accepted in favor of command economies is the belief that they are?
More Traditional
Could you list and describe the four types of economies?
The four main kinds of economic systems are; command, market, traditional and mixed.
What are the main features of a traditional economy?
An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.
What are examples of Market Command and Traditional economies?
A town where every child grows up to do the same job his or her parents did
What are the three main types of economies?
Command, traditional, and market economies
What countries have command traditional market economies?
many many many :)
The most accepted argument in favor of market economies is their efficiency The argument most accepted in favor of command economies is the belief that they are?
More Traditional
Could you list and describe the four types of economies?
The four main kinds of economic systems are; command, market, traditional and mixed.
Of the three types of economies command market and traditional which does the following fit into Rich Americans tend to send their children to private schools.?
traditional
What are the main features of a traditional economy?
An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.
What are examples of Market Command and Traditional economies?
A town where every child grows up to do the same job his or her parents did
What are the type of economics?
There are command economies, which you would find in a dictatorship or true monarchy, free economies, which you would find in Democracies or Republics, there is the mixed economy, Which is what we have, and finally there is the traditional economy which describes tribal and agricultural economies.
What do command economies emphasize?
Command economies emphasize government allocation of production.
Why has the world become more independent in recent years?
Because of the 4 economic systems:market,command,mixed,and traditional economies
What is the definition of tradition-based economy?
An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.
What are the econimes market and command?
what are command economies
