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Economic systems differ according to what two main characteristics?
Wiki User
∙ 12y ago
Answer: Who owns the factors of production, and the methods used to coordinate economic activity.
Wiki User
∙ 12y ago
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Compare and contrast the different economic systems and how they differ in achieving goals?
compane and contnast the diffearence typcs of economic sys tem
How does macro economics differ from micro economics?
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
Describe the 4 basic economic systems?
the are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like comunism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success.
What are the four basic economic systems around the world?
There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)
Tariffs differ from taxes because tariffs are what?
Only collected on imported goods
Compare and contrast the different economic systems and how they differ in achieving goals?
compane and contnast the diffearence typcs of economic sys tem
How did the economic systems of the soviet union and US differ?
Slob on my knob like corn on a cob
What is the basic elements of the South African trial systems and how do they differ from other systems?
What is the basic elements of the South African trial systems and how do they differ from other systems?
How does macro economics differ from micro economics?
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
How did the society of the Southwestern people differ from most other Native American societies?
They ranked themselves according to social and economic status.
how do reproductive systems differ?
i fish
How does Information Systems Development differ from other computer-based systems?
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Describe the 4 basic economic systems?
the are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like comunism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success.
How do their reproductive differ?
how do their reproductive systems diffeer
How does modern classification systems differ from the systems used by Aristotle and Linnaeus?
All of the above~!
What are the four basic economic systems around the world?
There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)
How their reproductive system differ?
how do their reproductive systems diffeer
