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Is barter the main means of exchange in command economy?
No, barter is not the main means of exchange in a command economy. In such economies, the government typically controls production and distribution, determining what goods and services are available and their prices. Currency is usually used for transactions, but the government may heavily regulate or control the flow of money. Barter may occur informally, but it is not the primary method of exchange.
What is a custom based economy?
In a custom based economy, goods are produced traditionally. The method of production is passed down from parent to children and rarely changes.
What is the adverb for economy?
Economically The adverb economically derives from the adjectives economic and economical.
How exchange rate is fixed in free market?
Exchange rate under a floating exchange rate scheme (as often does in free market) does not stay constant. It will always fluctuate due to changes in demand and supply. However, the state can control the supply of the currency (sell off or buy in their currency) in order to control the exchange rate. While this has been the traditional method of limiting currency exchange rate fluctuation, the global scale and scope of currency markets has significantly lowered the ability of a government to affect currency exchange rates via this method. For most major currencies, this adjustment of the currency supply can only push the exchange rate a few percentage in one direction or the other. Instead, the method most countries wishing to fix their currency exchange rate use is called "pegging" - that is, a country legally fixes the exchange rate against a larger currency (typically the US Dollar, Euro, or Yen), and only allows exchanges of currency at the "official" rate. China is a clear example of this practice, though they are hardly the only one. "Pegging" a currency is generally considered to be a violation of free market principles, because it artificially declares the value of something without consulting the marketplace.
What exactly is the definition of currency hedging?
Currency hedging is also known as foreign exchange hedging. It involves a method used by companies to eliminate risk resulting from foreign exchange transactions.
Is barter the main means of exchange in command economy?
No, barter is not the main means of exchange in a command economy. In such economies, the government typically controls production and distribution, determining what goods and services are available and their prices. Currency is usually used for transactions, but the government may heavily regulate or control the flow of money. Barter may occur informally, but it is not the primary method of exchange.
What primary treatment method used in traditional Chinese medicine?
Herbal Medicine
Why did Vladimir Lenin admire 'Taylorism' as a method to increase production in the Soviet economy?
because taylor was efficent and can guarantee results in a primary sector economy which the USSR was in at the time
Who invented the traditional method in math?
Eisner Hewer invented traditional method in math
What is the type of economy that they have in 3 Rd world countries in Africa and in the Eskimo villages in Canada?
In 3rd world countries in Africa, the economy is often a mix of traditional, subsistence farming and resource extraction, with limited industrialization and dependency on agriculture. In Eskimo villages in Canada, the economy may be based on hunting, fishing, and traditional crafts, with a focus on sustainability and self-sufficiency within a remote and often harsh environment.
What is the best method of collecting primary data?
the best method to collect primary data is to make a Baseline Data or using the method of Rapid Rural Appraisal.
Is beach profile a secondary data method?
no it is a primary data method
What were the method used in establishment of colonial economy?
Usedto establish colonial economy in afric
What is huna?
It is a traditional Hawaiian healing method.
Intervention is the primary prevention method for stopping sexual violence. What is intervention?
Intervention is the primary prevention method for stopping sexual violence. What is intervention?
What is the primary method of dispersal in mosses?
this dick
What is the most cost-effective method for sending money internationally?
The most cost-effective method for sending money internationally is typically through online money transfer services like TransferWise or Wise, which offer competitive exchange rates and lower fees compared to traditional banks.
