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Q: What considerations might cause one nation to choose to operate as a market economy and another as a planned economy?
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Related questions

What are some disadvantages of planned economy?

One disadvantage of the planned economy is that there is inefficient resource distribution.


How is the economy of totalitarian govern states?

It is a Planned Economy


Which of the following is another term for a planned economy?

Socialist system


Why does Spain have a mixed economy?

both the government and the public control the economy, were as Russia is a planned economy because everything is planned and the government has full control


What is a planned economy regulated by?

Planned Economies are regulated by a Governmental Ministry.


In this type of economy the question of how many goods will be produces and supplied is not made by businesses?

Planned (command, centrally planned, or controlled) economy


How is the government involved in a planned economy?

In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.


What countries have planned economy?

korea


What is the governments role in a centrally planned economy?

In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.


What is the role of government in a centrally planned economy?

In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.


In this type of economy the question of how many goods will be produced and supplied is not made by businesses.?

Planned (command, centrally planned, or controlled) economy


What is the type of economy where rulers decide what is to be produced?

A planned or command economy.