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What economy is regulated by the marketplace than by the government?
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Which of the four econoic systems has the most involvement with the government?
Of the 4 economic systems the one that is most directly involved with the government is command economy. The definition of command economy is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
Why would a completely free market economy would not be a practical one for any major country?
A free market economy is an economy in which all markets within it are unregulated by any parties other than those in the market. It limits the government's intervention. If it was completely free than the government would have less intervention and would make the economy much more sensitive and vulnerable.
How is mercantilism different than a market economy?
becausIn mercantilism, the government decides pricing instead of the consumer.e it is
What is a centrally planned economy?
A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.
Why is the Canadian economy identified as a mixed market economy?
Why did Canada choose a mixed economy? 1980 US president, Ronald Reagan, supported less government in the economy to reduce government spending and regulation of corporations. Canadian prime minister, Brian Mulroney, fallowed Reagan's example and fought for the shift right (less government involvement in the economy) in the economy in 1984. Ever since than there has been shift lefts and shift rights everywhere. therefore, Canada is a Mixed economy :)
Who is responsible for the command economy and market economy?
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.
Which of the four econoic systems has the most involvement with the government?
Of the 4 economic systems the one that is most directly involved with the government is command economy. The definition of command economy is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
Nonprofit organizations are measured by different standards than for-profit businesses and are typically regulated by?
government
Who argued that government could solve society's problems more efficiently than competition in the marketplace?
Lester Frank Ward.
What is the government's role in a traditional economy?
The government has no role in a traditional economy other than keeping peace to the degree where different individuals can conduct trade in peace.
Why would a completely free market economy would not be a practical one for any major country?
A free market economy is an economy in which all markets within it are unregulated by any parties other than those in the market. It limits the government's intervention. If it was completely free than the government would have less intervention and would make the economy much more sensitive and vulnerable.
How is mercantilism different than a market economy?
becausIn mercantilism, the government decides pricing instead of the consumer.e it is
What is a control economy?
Economy in which much of the activity is controlled by government policy rather than by the dictates of markets. Examples are socialist and communist economies.
Is industry self regulation better than government regulation for automobile safety?
It is not a matter of better or worse; both are needed to have an effective system of safety in the workplace and the marketplace.
Most socialist systems can also be described as?
Collectivist, where the means of production are owned or regulated by the community as a whole, rather than by individual businesses or the government.
What is a centrally-planned economy?
A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.
What is a centrally planned economy?
A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.
