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By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
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All productive resources are government owned an controlled under what kind of economy?
Under a planned economy, all productive resources are government owned and controlled. This type of economy is also called a command economy.
How is production allocated under capitalism?
Production will be allocated to those with available resources and a willingness to purchase the output of production. These purchases then become information for suppliers in determining what and how much to produce in the future.
What kind of economic system did India operate under during 1947 to 1990?
agrarian...its moving towards a liberalized semi-capitalistic export based economy. Globalization and its vast rural population.
Who owns the mean of production in capitalis?
Under a capitalistic economy, the ownership of the means of production is in the hands of non-governmental corporations. Most are publicly owned by citizens. Capitalism has proven to be the cornerstone of economic growth.
How was food allocated under the New Economic Policy?
67%
All productive resources are government owned an controlled under what kind of economy?
Under a planned economy, all productive resources are government owned and controlled. This type of economy is also called a command economy.
How is production allocated under capitalism?
Production will be allocated to those with available resources and a willingness to purchase the output of production. These purchases then become information for suppliers in determining what and how much to produce in the future.
What kind of economic system did India operate under during 1947 to 1990?
agrarian...its moving towards a liberalized semi-capitalistic export based economy. Globalization and its vast rural population.
Who owns the mean of production in capitalis?
Under a capitalistic economy, the ownership of the means of production is in the hands of non-governmental corporations. Most are publicly owned by citizens. Capitalism has proven to be the cornerstone of economic growth.
What are three Possible ways to dispose of under-allocated or overa-allocated overhead costs at the end of a fiscal year?
One way is to adjust the COGS ( cost of goods sold). If overhead is under allocated add the difference to COGS, if it is over allocated subtract it from COGS.
What is a free rider in economy?
A free rider is someone who uses and benefits from goods, resources or services but does not pay for them. This can result in under-provision or exhaustion of goods, resources or services.
How does Barack Obama propose to stimulate the economy?
by making a bigger budget for the U.S to live under and provide more green resources.
How was food allocated under the New Economic Policy?
67%
What type of economy do Israel Saudi Arabia turkey and Iran have?
Saudi Arabia: Command Economy which is powered through oil. Israel: Advanced Market Economy which is supported by it's people, not oil or other resources. Turkey: Advanced Market Economy which is supported by it's people, not oil or other resources. Iran: Hybrid Command-Market Economy supported by oil and industry, but currently floundering under international sanctions.
What is a summary of our economy under Spain?
our economy under Spain
What are disadvantages to a market economy?
A Market economy is reffered to as an economy in which the consumers decide what to produce, How to produce and For whom to produce. There are several disadvantages of a market economy. The main one being an inefficient allocation of resources refered to as market failure. Firstly, some good and services would be under provided such as defence and education.
What was the economy like under the soviet union?
The economy under the Soviet Union was under various degrees of disaster.
