0
What are the three different types of economies and how are they different?
Wiki User
∙ 13y ago
Command and Market: Traditional:Economy dominated by methods and techniques that have strong social support even though they may be old-fashioned or out of date.Command: An economy that is planned and controlled by a central administration, as in the former Soviet Union.Market : An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Describe the 4 basic economic systems?
the are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like comunism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success.
What are the four basic economic systems around the world?
There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)
What are three types of banks found in many economies?
In many economies there are three basic types of banking institutions. This does not apply to all economies. Here are three commonly known types: A. A central banking system that is created by a government to help regulate the monetary policies of an economy and often act as the government's banker; B. Commercial banks that handle both consumer & business transactions such as lending; and C. Wholesale banks, which deal primarily with large corporate organizations. There are many other smaller types of banking such as credit unions & savings banks.
What are the differences between the 3 economies?
That depends on what three 'economies' you are talking about.
What are three of the common factors that make local economies different?
Competition in the marketplace, advancements in technology, and investments are three common factors that can differ for local economies. These factors influence the growth and the strength of each community.
What are the three main types of economies?
Command, traditional, and market economies
What ways were the economies of the three colonial regions alike and different?
aass
Describe the 4 basic economic systems?
the are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like comunism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success.
What are the four basic economic systems around the world?
There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)
What are three important economies in Australia?
Three of the most important economies in Australia are:MiningAgricultureTourism
What are three types of banks found in many economies?
In many economies there are three basic types of banking institutions. This does not apply to all economies. Here are three commonly known types: A. A central banking system that is created by a government to help regulate the monetary policies of an economy and often act as the government's banker; B. Commercial banks that handle both consumer & business transactions such as lending; and C. Wholesale banks, which deal primarily with large corporate organizations. There are many other smaller types of banking such as credit unions & savings banks.
What two types of economies found among different Native American groups?
how should i know i am asking u
Is it true that Excel includes four types of Sparkline charts?
No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.No. There are three different types of sparkline charts. They are Line, Column, and Win/Loss.
What are the different types of gangrene?
There is three different types which are wet,dry,gas(:
Are there different types of varieties in wheat?
There are three different types of varieties in wheat. I don't know what the different varieties are, i just know that there are three.
What were two types of economies found among the different Native American groups?
how should i know i am asking u
What are the differences between the 3 economies?
That depends on what three 'economies' you are talking about.
