Reduce price
The government has to make economic decisions by budget, giving aid, and the government gets their money from taxes.
Government officials and legislatures make economic decisions
command economy
Mixed economy.
an economic system in which the central government directs all major economic decisions
The government has to make economic decisions by budget, giving aid, and the government gets their money from taxes.
Government officials and legislatures make economic decisions
command economy
Mixed economy.
an economic system in which the central government directs all major economic decisions
There are several such systems, but the most popular is the laissez-faire system.
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
There are several such systems, but the most popular is the laissez-faire system.
the government makes all the decisions, he is a dictator
They allow government to make some economic decisions..
the government makes all the decisions, he is a dictator
The government of Cuba.