Its aim to produce all goods and services that are demanded by the citizen (and often beneficial to them) using the least amount of resources (efficient.)
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
When an economy is partly command and partly market, is called a mixed economy.
A market economy
It has market economy
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
a market economy
Market economy
When an economy is partly command and partly market, is called a mixed economy.
Belgium has a market economy.
mixed market
A market economy
It has market economy
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
When an economy is partly command and partly market, is called a mixed economy.
it is a command economy da
The central administration is usually responsible for the command economy and the market economy. The command economy is usually a centrally planned economy whereby the prices and supply are regulated by the government other than the market forces.