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Q: What are two basic ways in which the government tries to affect the economy?
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What is government's role in controlling externalities in the American economy?

Government tries to encourage positive externalities and limit negative externalities..


What is government's role in controlling externalizes in the American economy?

Government tries to encourage positive externalities and limit negative externalities..


What Is the level of competition high or low in a mixed economy?

A 'command economy' is also known as a central economy where all supply of goods and services is controlled by the government. Most of the assets are owned by the state and the state tries to forecast demand for all goods and services and then allocates available resources to meet this demand. The whole idea of the command economy is that there should be no competition which creates inequalities amongst the people and then you have to have businesses which is driven by the profit motive (which is considered immoral compared to the high ideals of communist/socialist regimes).


When markets or governments make economic decisions about how to most efficiently convert their resources into goods and services what basic economic question are they answering?

The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.


Does Japan have an market economy?

Very definitely a market economy. There are some command elements to it, as the government tries hard to spur economic growth. Back in the '80s, when Japanese growth was booming, the Ministry of Trade and Industry (MITI) was feared around the world as the engine behind an economic powerhouse. But for the most part, the government is content to just foster what it considers beneficial initiatives and to let the corporations that form the backbone of the nation's economy find their own way. There's really no comparison with the classic command economies of the old Soviet Union, with Cuba, or North Korea. Japan is as different from those countries as night is from day.

Related questions

What is the mixed economy of Israel?

A mixed economy tries to blend government-run industries and privetely-owned ones.


What is government's role in controlling externalities in the American economy?

Government tries to encourage positive externalities and limit negative externalities..


What is government role in controlling externalities in the American economy?

Government tries to encourage positive externalities and limit negative externalities..


What is government's role in controlling externalizes in the American economy?

Government tries to encourage positive externalities and limit negative externalities..


What is governments role in controlling externalizes in the American economy?

Government tries to encourage positive externalities and limit negative externalities..


What branch tries cases under the law?

The Judicial Branch of Government is the branch that tries case.


What are some requirements of a Kansas governor?

The requirements of a Kansas governor include making decisions on education, pollution, and growing the economy. He also tries to take steps to reform the government.


Does Afghanistan have a good government?

there government tries to bomb the Afghanistan country in Asia


What Is the level of competition high or low in a mixed economy?

A 'command economy' is also known as a central economy where all supply of goods and services is controlled by the government. Most of the assets are owned by the state and the state tries to forecast demand for all goods and services and then allocates available resources to meet this demand. The whole idea of the command economy is that there should be no competition which creates inequalities amongst the people and then you have to have businesses which is driven by the profit motive (which is considered immoral compared to the high ideals of communist/socialist regimes).


Which type of government tries to take total control of its citizens lives?

Totalitarian Government


Can you use serve in a sentence?

The government tries to serve the people.


Who tries impeachment within the federal government?

U.s senate