0
What else can I help you with?
Shortages or spikes in which of the following can have a potential impact on a global economy?
energy
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
What are facts about a command economy?
A command economy is an economic system where the government or central authority makes all decisions regarding the production and distribution of goods and services. It typically involves the state owning the means of production and controlling resources to meet planned economic goals. This system often prioritizes collective needs over individual preferences, which can lead to inefficiencies and shortages. Historical examples include the former Soviet Union and North Korea.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
Why did the former soviet union use a command economic system instead of one based on price?
it had major shortages of many goods and services
disadvantage of planned economy?
Lack of incentives to work hard in planned economy Sometimes poor quality of goods and shortages Failure to meet set ideals or consumer needs. Lack of varieties of goods and services Consumers can choose only those goods or services which are produces and decided by the government
What shipping services does FedEx Taiwan offer for international deliveries?
FedEx Taiwan offers international shipping services such as FedEx International Priority, FedEx International Economy, and FedEx International First for deliveries to other countries.
Shortages or spikes in which of the following can have a potential impact on a global economy?
energy
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
How long does priority mail take from Indiana to Alabama?
It will take about 2 - 3 days economy shipping, 1-3 priority shipping.
What are facts about a command economy?
A command economy is an economic system where the government or central authority makes all decisions regarding the production and distribution of goods and services. It typically involves the state owning the means of production and controlling resources to meet planned economic goals. This system often prioritizes collective needs over individual preferences, which can lead to inefficiencies and shortages. Historical examples include the former Soviet Union and North Korea.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
Why did the former soviet union use a command economic system instead of one based on price?
it had major shortages of many goods and services
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What effect did shortages have on the economy?
Shortages can lead to increased prices as demand outstrips supply, resulting in inflation and reduced purchasing power for consumers. They can disrupt production processes, causing businesses to slow down or halt operations, which may lead to layoffs and decreased economic growth. Additionally, prolonged shortages can erode consumer confidence and alter spending habits, further destabilizing the economy. Overall, shortages create a ripple effect that can hinder economic stability and growth.
What economy of the soviet union differed most from the economy of the US in the?
The Soviet Union's economy was centrally planned, meaning that the government controlled all production, distribution, and pricing of goods and services, which aimed to eliminate market competition and private ownership. In contrast, the U.S. economy operated on principles of capitalism, characterized by market-driven forces, private enterprise, and consumer choice. This fundamental difference led to varying levels of innovation, efficiency, and consumer satisfaction, with the U.S. economy typically producing a wider variety of goods tailored to consumer demand. Additionally, the Soviet focus on heavy industry often resulted in consumer goods shortages, highlighting the inefficiencies of a planned economy.
What percentage of the US economy do services make up?
Services make up around 80 of the US economy.
