0
What advantage does the market economy have over the command economy?
Wiki User
∙ 12y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How does a command economy differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
Why do most economies in the world today operate somewhere between a market economy and command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
Why do most economies in the world today operate somewhere between a market economy and a command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
What is an antonym of command economy?
well here is an example. Tamica and Myracle have acontrol over an economy that means an antonym for command economy is dosent have contro
What are the advantages to flying in business class over economy?
"Advantage to flying business class over economy is as follows:
How does a command economy differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
How has economy changed over time?
Historically, this area's economy was based on agriculture. The Soviets created a command economy. Since the end of the Soviet Union, this region is trying to develop a market economy.
Why do most economies in the world today operate in between a market economy and a command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
Why do most economies in the world today operate somewhere between a market economy and command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
Why do most economies in the world today operate somewhere between a market economy and a command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
Why do most economies in the world today operate somewhere in between a market and a command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
What is an antonym of command economy?
well here is an example. Tamica and Myracle have acontrol over an economy that means an antonym for command economy is dosent have contro
What are the advantages to flying in business class over economy?
"Advantage to flying business class over economy is as follows:
What is a sentence with the words market economy?
In my opinion I prefer the free market economy.Because we live in a capitalistic democracy, I have grown accustomed to the market economy.I much prefer a market economy over a planned economy.
How has the economy changed over time?
Historically, this area's economy was based on agriculture. The Soviets created a command economy. Since the end of the Soviet Union, this region is trying to develop a market economy.
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
Does the US have a free market economy?
No, the United States does not have a free market economy. Instead we have a mixed economy- government has some control over economic decisions ,but mostly acts as a regulator
