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A mixed economy combines elements of which two economic systems?
Market and command
What combines the elements of pure economic systems?
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
What are the econimes market and command?
what are command economies
The mixed economy is the best of all the market systems because it combines the strengths of the free market and the command economies. Do you agree with this statement?
well i need help on finding out which ecosystem is the best?
Why are there neither pure market economies not pure command economies?
There are neither pure market economies nor pure command economies because real-world economies often require a blend of both systems to function effectively. Pure market economies can lead to inequalities and market failures, while pure command economies may stifle innovation and limit individual freedoms. Most economies incorporate elements of both, utilizing government intervention to correct market failures and ensure social welfare while still allowing for market-driven mechanisms to promote efficiency and growth. This mixed approach helps balance the benefits and drawbacks of each system.
A mixed economy combines combines elements of which two elements?
Market and command
A mixed economy combines elements of which two economic systems?
Market and command
What combines the elements of pure economic systems?
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
What are the econimes market and command?
what are command economies
The mixed economy is the best of all the market systems because it combines the strengths of the free market and the command economies. Do you agree with this statement?
well i need help on finding out which ecosystem is the best?
Why are there neither pure market economies not pure command economies?
There are neither pure market economies nor pure command economies because real-world economies often require a blend of both systems to function effectively. Pure market economies can lead to inequalities and market failures, while pure command economies may stifle innovation and limit individual freedoms. Most economies incorporate elements of both, utilizing government intervention to correct market failures and ensure social welfare while still allowing for market-driven mechanisms to promote efficiency and growth. This mixed approach helps balance the benefits and drawbacks of each system.
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
What are the three main types of economies?
Command, traditional, and market economies
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Is there a pure command and pure market economies?
no
Which of these is a mixture of command and market economies?
capitalism
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
