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In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
Planned (command, centrally planned, or controlled) economy
Planned (command, centrally planned, or controlled) economy
If Qd is higher than Qs, there is a shortage of the good because the price is too low. This happens many times when the government institutes a price ceiling (maximum) that is below the market equilibrium.
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In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
Planned (command, centrally planned, or controlled) economy
Planned (command, centrally planned, or controlled) economy
North Africa was the breadbasket of the empire. Egypt supplied half of the grain imported by the city of Rome. Tunisia was the second most important grain producing area of the Empire. Egypt also supplied papyrus, ivory and granite. From the interior, many animals were supplied for the arenas also.
If Qd is higher than Qs, there is a shortage of the good because the price is too low. This happens many times when the government institutes a price ceiling (maximum) that is below the market equilibrium.
2 syllables.
If Qd is higher than Qs, there is a shortage of the good because the price is too low. This happens many times when the government institutes a price ceiling (maximum) that is below the market equilibrium.
Ten aqueducts supplied the city of Rome.
there are two types of equilibrium are: 1. static (at rest position) 2. dynamic (in uniform motion)
In a non-equilibrium population, the number of generations needed for random mating to reach equilibrium depends on various factors such as population size, selection pressure, genetic diversity, and mutation rate. It can range from a few generations to many generations, and sometimes equilibrium may not be reached due to ongoing evolutionary forces.