In a command economy, also known as a planned economy, the government largely determines what is produced and in what amounts. In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.
Producers. A+
Where should products be produced
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
Where should products be produced
Producers. A+
Where should products be produced
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
Communist
Where should products be produced
Where should products be produced (:
where should the products be produced
when should these products be produced?
Where should products be produced? (A+)
Agricultural products