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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
Who owns traditional economy resources?
The government and the kids of the w
What are the advantages of traditional economy system?
A traditional economy is based on an established economy that has proven successful in the past. Resources are allocated by inheritance. There is no waste of resources and roles are well defined. A huge disadvantage, however, is a resistance to change.
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
How does the global economy affect the apportionment of natural resources?
The distribution of economic power between nations determines where materials are needed most. Because, at any point in time, there are finite amounts of natural resources, these resources are distributed where they are needed in the quantities they are needed.
How are good resources distributed in a free market economy?
In a free market economy, goods and resources are distributed by property and supply/demand.
How are good and resources distributed in a free market economy?
Through prices
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
Who owns traditional economy resources?
The government and the kids of the w
What are the advantages of traditional economy system?
A traditional economy is based on an established economy that has proven successful in the past. Resources are allocated by inheritance. There is no waste of resources and roles are well defined. A huge disadvantage, however, is a resistance to change.
Traditional economy coutries?
What type of Government is in control in a traditional,command and market economy? Who controls the resources? Distribution of goods and services? Controls productions? What are the negative affects on society? Benefits to society for each form of economy?
How natural resources distributed throughout the world?
Natural Resources are distributed evenly among all nations
How are resources allocated in traditional economy?
It is allocated according the market equilibrium which is subjected to the changing market demand and market supply.
How does the global economy affect the apportionment of natural resources?
The distribution of economic power between nations determines where materials are needed most. Because, at any point in time, there are finite amounts of natural resources, these resources are distributed where they are needed in the quantities they are needed.
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
Habit and custom determine economic activities in a?
Traditional Economy
Why are resources distributed?
because you are loose
