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In a command economy the government does not do which of the following?
decides how much consumers buy
In a planned economy of the following does the job of market forces in order to determine the outcomes?
In a planned economy, the government does the job of market forces in order to determine the outcomes.
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
Which is true of the government in a centrally planned economy?
The government places much emphasis on the production of consumer products.
What do you need to start an economy?
money, government, food, shelter, water, and much more
What kind of future did George Washington want?
Small Government with much power in the states centered around an Agrarian economy.
Who has the power in a market economy such as ours?
In market economy, market itself is the sole arbiter and has the deciding power in which way the economy will turn. While government has little power of interference in market economy, many factors play pivotal role there. While Indian economy gained much from record low crude price and big inflow of foreign institutional investments, may suffer in the future with its reverse trends.
What was a major point of debate between Whigs and Democrats on economics policy?
How much government should be involved in the economy
What is the government's role in the economy in a traditional?
The government doesnâ??t have much of a role in a traditional economy. This type of economy tends to center around thriving agricultural villages where tradition takes precedent.
What is the role of the government in Traditional economy?
The government doesnâ??t have much of a role in a traditional economy. This type of economy tends to center around thriving agricultural villages where tradition takes precedent.
What doesnt the government do in a command economy?
Decides how much consumers buy
What doesn't the government in a command economy?
Decides how much consumers buy
In a command economy the government does not do which of the following?
decides how much consumers buy
How much power does the government have?
50
What type of economy existed under China's communist government during much of the late 20th century?
Command Economy
What were the differences between the Democrats and the Whigs?
How much the government should be involved in the economy
Why did kings have so much power?
The Kings had so much power because there was no government.
