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What combines elements of the command and market economies?
mixed economy
What is the essential government role in market economies?
One essential government role in a market economy is regulation. This allows for competition without monopoly.
What is an essential government role in market economies?
to prevent monopolies and collusion (plato)
What countries economies has the fewest elements of a command economy and the most elements of a market economy the United States Germany France or Sweden?
the United States
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
What combines elements of the command and market economies?
mixed economy
What is the essential government role in market economies?
One essential government role in a market economy is regulation. This allows for competition without monopoly.
What is an essential government role in market economies?
to prevent monopolies and collusion (plato)
What countries economies has the fewest elements of a command economy and the most elements of a market economy the United States Germany France or Sweden?
the United States
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What is meant by transition economies?
The economies which are converting from social market system to capital market system
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why market economies are becoming popular around the world?
market economies are found in democratic forms of government
What is the outline of the benefits of free market economies to owners of firms?
what does the free market economies benefits to owners
