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Is there a pure command and pure market economies?
no
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
One reason pure market economies are non-existent?
They don't do enough to encourage entrepreneurship
What One reason pure market economies are non existent is because?
"They don't adequately provide for the sick, the elderly, and the environment."
List of free-market economy countries?
there are no pure market economies today. Even the U.S government, which is commonly known as a market economy, still has some control over decisions.
Is there a pure command and pure market economies?
no
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
Why are most economies refered to as mixed economies?
poverty is always higest in countries with market economies
Why are most modern economies referred as mixed economies?
poverty is always higest in countries with market economies
One reason pure market economies are non-existent?
They don't do enough to encourage entrepreneurship
What One reason pure market economies are non existent is because?
"They don't adequately provide for the sick, the elderly, and the environment."
List of free-market economy countries?
there are no pure market economies today. Even the U.S government, which is commonly known as a market economy, still has some control over decisions.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What are three ways your life would change if the US began using a pure free market system or a pure centrally planned system instead of the free enterprise system?
While most developed nations today could be classified as having mixed economies, they are often said to have market economies because they allow market forces to drive most of their activities, typically engaging in government.
What is meant by transition economies?
The economies which are converting from social market system to capital market system
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
