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What is one drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What motivates the command economy?
Command economies are motivated by the government, which institutes how the economy will work.
What advantages does Cuba have being a command economy?
Because in a command economy the government is in charge of most if not all of the factors of production.
The difference between a command economy and a demand economy?
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
What is a drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What motivates the command economy?
Command economies are motivated by the government, which institutes how the economy will work.
What country has command government?
There is no such thing as a "command" government.
What advantages does Cuba have being a command economy?
Because in a command economy the government is in charge of most if not all of the factors of production.
What are the disadvantages of command economy?
it has public ownership
The difference between a command economy and a demand economy?
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
How did Soviet leaders create a command economy?
You are givin a class, and a title. you work for the government, and the government makes sure you have the life essentials
An economic system in which the government owns major industries but allows private ownership of other businesses is called?
Socialism. Complete ownership by the state is Communism.
Which of the following describes a drawback of a command economy compared to a free market economy?
Answer this question… It reduces innovation by requiring all businesses to follow government orders.
What are the advantages and disadvantages functions of chain of command?
good
