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The problem of surpluses. Surpluses indicate a waste of labor and materials that could have been applied to more pressing needs of society.
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How was the economy controlled?
How an economy is controlled depends on what system that economy is following. And economy can be controlled by the relationship between supply and demand, or by government fiat, for example. It can also be controlled by a country's relationships with other countries.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
Is it a free market economy or a government controlled economy in haiti?
It is a controlled by the government
2 advantages and disadvantages of command economy?
The welfare of all citizens is the primary goal of the economic system. Wasteful competition is avoided wages are controlled by the state.
What type of economy is controlled by the government?
Command Economy
How was the economy controlled?
How an economy is controlled depends on what system that economy is following. And economy can be controlled by the relationship between supply and demand, or by government fiat, for example. It can also be controlled by a country's relationships with other countries.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
Is it a free market economy or a government controlled economy in haiti?
It is a controlled by the government
2 advantages and disadvantages of command economy?
The welfare of all citizens is the primary goal of the economic system. Wasteful competition is avoided wages are controlled by the state.
How did the U.S. government change during the war?
it grew and heavily controlled the economy
What type of economy is controlled by the government?
Command Economy
What are some disadvantages of the Market Economy?
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
Which publicly controlled economy is the nearest a mixed economic system?
The publicly controlled economy which is the nearest to a mixed economic system is a socialist economy. The public will influence such an economy to a great extent.
In this type of economy the question of how many goods will be produces and supplied is not made by businesses?
Planned (command, centrally planned, or controlled) economy
What are the advantages and disadvantagesof a market economy?
advantages and disadvantages of market economy
What are disadvantages of Randomized controlled trials?
no comments
What type of economy best fits this description The basic economic questions are answered by a group of government planners.?
Command Economy. An example would be North Korea.
