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The economic system has a central authority in the management of the affairs of a country. This is very important for countries who are making progress as far as the economy is concerned.
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What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
Central monetary authority?
For the United States, the Federal Reserve System is the central bank. This means it is the monetary authority for the U.S.
What do you mean economic planing?
Planing means "the direction of production activity by a central authority".
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
Why did the Americans created a loose confederation of states in the Articles of Confederation?
Study Island Answer: They did not want a central authority like the British system
Central monetary authority?
For the United States, the Federal Reserve System is the central bank. This means it is the monetary authority for the U.S.
What do you mean economic planing?
Planing means "the direction of production activity by a central authority".
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
If ultimate governmental authority rests in the hands of a central government that is a what?
federal system
Unitary system of government?
A central government that possesses all governmental authority.
What is command system?
Refering to the economic system it means that there is government ownerships and a central planning board.
In a unitary system of government ultimate government authority is located?
at national or central level
In a unitary system of government, ultimate government authority is located?
at the national or central level
What is system in which the major economic decisions are made by the central government?
Command economy
