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How is a command economy different from the other economic systems?
Wiki User
∙ 8y ago
Most economies and industrialized states, such as and including the United States of America, are free market systems. A command market economy, with the chief example of the bygone Soviet Union has the state (as opposed to the market) determine production and resource allocation.
Wiki User
∙ 9y ago
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What are four different types of economic systems?
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
The Four economic systems?
There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.
What are the 4 economic systems?
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
A mixed economy combines elements of which two economic systems?
Market and command
What are four different types of economic systems?
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
The Four economic systems?
There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.
What are the 4 economic systems?
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
A mixed economy is a combination of which of the following economic systems?
Free-market and command
A mixed economy combines elements of which two economic systems?
Market and command
What are the four types of economic systems?
The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.
Under the command economy who decides the answer to the three questions the all economic systems must answer?
the people
What economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command economy.
In what ways are the three economic systems alike what are the major differences?
The three economic systems are the command economy, the free-market economy, and the mixed economy; they are all the same because they refer to the production and circulation of goods and services. In the command economy all resources are owned by the government, in the free market economy all resources are owned privately, in the mixed economy resources are owned by both.
What combines the elements of pure economic systems?
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
What are the 4 main types of economic systems?
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
