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What else can I help you with?
What is the distinction between economic wants and economic needs?
economic wants is something the economy wants as an extra An economic need is something wither a object or servise for the economy to survive! Hope this helps! :)
Disadvantages of command economic system?
One disadvantage of a command system is that it is not designed to meet the wants of consumers, even though many basic needs are provided. A second disadvantage is that the system does not give people the incentive to work hard. A third weakness is that the command economy requires a large decision-making bureaucracy. Yet the fourth weakness of a command economy is that it does not have the flexibility to deal with minor, day-to-day problems. Finally, people with new or unique ideas find it difficult to get ahead in a command economy.
What is the way people use resources to meet their wants and needs?
The way a nation determines how to use its resources to satisfy its people's needs and wants is called:
How does a traditional economy satisfy the wants and needs of individuals?
Ask your Social Studies teacher.
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
What are the five weaknesses of the command economy?
One disadvantage of a command system is that it is not designed to meet the wants of consumers, even though many basic needs are provided. A second disadvantage is that the system does not give people the incentive to work hard. A third weakness is that the command economy requires a large decision-making bureaucracy. Yet the fourth weakness of a command economy is that it does not have the flexibility to deal with minor, day-to-day problems. Finally, people with new or unique ideas find it difficult to get ahead in a command economy.
What is the distinction between economic wants and economic needs?
economic wants is something the economy wants as an extra An economic need is something wither a object or servise for the economy to survive! Hope this helps! :)
Disadvantages of command economic system?
One disadvantage of a command system is that it is not designed to meet the wants of consumers, even though many basic needs are provided. A second disadvantage is that the system does not give people the incentive to work hard. A third weakness is that the command economy requires a large decision-making bureaucracy. Yet the fourth weakness of a command economy is that it does not have the flexibility to deal with minor, day-to-day problems. Finally, people with new or unique ideas find it difficult to get ahead in a command economy.
What is a disadvantage of a centrally-planned economy?
it cannot meet consumers needs and wants
What is the way people use resources to meet their wants and needs?
The way a nation determines how to use its resources to satisfy its people's needs and wants is called:
How does a traditional economy satisfy the wants and needs of individuals?
Ask your Social Studies teacher.
What a major disadvantage of centrally planned economy?
it cannot meet consumers needs and wants
What is a major disadvantage of a central planned economy?
it cannot meet consumers needs and wants
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
What are the main advantages of living in a command economy?
The main advantages of living in a command economy that the government takes care of all your needs if your goals tie and Equity security and freedom from need that's their main advantages
The history of command economy?
what is the history behind command economy
