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i think that it is they are both ruled by the government and they are both economic systems (duh) they both effect peoples lives/lifestyles and they both have to do with goods and services (if this answer is wrong please feel free to correct it hopefully you will do it in a nice way and tell me "the correct answer is". . . . but i have a good feeling that im wrong so please feel free to correct me THANKS)
What else can I help you with?
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What are the features of a mixed economy?
A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.
What are the main features of a traditional economy?
An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.
What does mixed economic system mean?
A mixed economy is when you have some aspects of every single economy traditional, command, and market economies put together in one economy.
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What was Europe's most common economy?
Most European countries would have market economies.
What are the features of a mixed economy?
A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.
How does each society determine who will consume what is produced?
Societies determine who will consume what is produced through various systems such as market economy, command economy, traditional economy, or mixed economy. In a market economy, pricing and consumer demand play a significant role in allocation. In a command economy, the government decides on distribution. Traditional economies follow customs and traditions, while mixed economies combine elements of both market and command systems.
What are the main features of a traditional economy?
An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.
What does mixed economic system mean?
A mixed economy is when you have some aspects of every single economy traditional, command, and market economies put together in one economy.
How does a market economy effect other economies?
it will boost other economies.
What are the three main types of economies?
Command, traditional, and market economies
What is the definition of tradition-based economy?
An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth. Traditional economies are often found in rural regions with high levels of subsistence farming. Countries that evolve their economies past the traditional level often develop into market economies or command economies.
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
