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Some decisions are taken by the households ad firms, like in a free market economy. Whilst some decisions and resource allocation policies are set by the government.
What else can I help you with?
What do you call the way people produce and exchange goods and services?
The way people produce and exchange goods and services is called an economy. It encompasses the systems and processes through which resources are allocated, products are created, and transactions occur. Economies can be organized in various forms, such as market economies, command economies, or mixed economies, depending on the degree of government intervention and market regulation.
How are resources allocated in market economies?
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.
Compare the three economy questions to command economy market economy and traditional economy?
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
Why more modern economists are mixed economies elaborate?
Most mixed economies can be described as market economies with strong regulatory.
Most economies have what economists call?
mixed economies
How are traditional economies resources allocated?
It is allocated according the market equilibrium which is subjected to the changing market demand and market supply.
How are resources allocated in market economies?
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.
Compare the three economy questions to command economy market economy and traditional economy?
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
Why more modern economists are mixed economies elaborate?
Most mixed economies can be described as market economies with strong regulatory.
Most economies have what economists call?
mixed economies
Most economies today are economies?
all economies today are actually (mixed)
Why do most countries have mixed economies?
As long as a government (local, state or national) taxes its businesses and households, there will be a mixed economy.
Why are most economies refered to as mixed economies?
poverty is always higest in countries with market economies
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
How are the resources allocated in Brazil?
by the government
Why are most modern economies referred as mixed economies?
poverty is always higest in countries with market economies
How are the resources allocated in South Africa's Economic system?
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
