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What is meaning of depreciation and devaluation and appreciation and revaluation?
depreciation is due to international economic pressure i.e the supply and demand of a currrency whilst devaluation is done by the government of a certain country , when it decides to set its currency or give its currency a certain value against others.
In Cuba what decides which goods and services are produced?
government mostly[market activities are limited in cuba]
Where does command economy take place?
A command economy typically takes place in countries where the government exerts significant control over economic activities, often through centralized planning. This system is commonly found in socialist or communist nations, such as North Korea and Cuba, where the state decides what to produce, how to produce it, and who receives the goods and services. In such economies, individual choice and market forces play a limited role.
Under the command economy who decides the answer to the three questions the all economic systems must answer?
the people
Who decides what goods and services are produced in the US to trade with other country?
The USA is a Free Market Economy.This means:That what gets sold is what is purchased.For export the company selling decides to sell to another country. They start by sending or hiring sales people in that country or pursuing other marketing strategies that amount to the same thing.In other words the buyers and sellers decide what gets exported.BUTThe US government has laws that restrict certain technologies and products (guns for example) getting sold to certain countries.
Which countries has an economic system in which the central government decides what how and for whom to provide?
North Korea
What countries has an economic system in which the central government decides what and for whom to produce?
North Korea
What countries has an economic system in which the central government decides what how and for whom to produce?
North Korea
What is the basic economic that decides how high wages will be?
Supply and demand is the economic principle that decides how high wages will be
What is the basic economic principle that decides how high wages will be?
Supply and demand is the economic principle that decides how high wages will be
What is meaning of depreciation and devaluation and appreciation and revaluation?
depreciation is due to international economic pressure i.e the supply and demand of a currrency whilst devaluation is done by the government of a certain country , when it decides to set its currency or give its currency a certain value against others.
Who decides that certain types of behaviors are anti-social?
society
In Cuba what decides which goods and services are produced?
government mostly[market activities are limited in cuba]
Where does command economy take place?
A command economy typically takes place in countries where the government exerts significant control over economic activities, often through centralized planning. This system is commonly found in socialist or communist nations, such as North Korea and Cuba, where the state decides what to produce, how to produce it, and who receives the goods and services. In such economies, individual choice and market forces play a limited role.
Who ultimately decides the structure of a nation's economic and governmental policy?
The executive branch, the president and his staff.
Under the command economy who decides the answer to the three questions the all economic systems must answer?
the people
Who controls the prices of goods and services in the economic system communism?
The government decides where to invest resources.
