0
In a communist system, competition is generally suppressed as the state controls all means of production and distribution. The focus shifts from individual profit and market competition to meeting societal needs and achieving collective goals. This often leads to a lack of innovation and efficiency, as there are fewer incentives for businesses to improve or differentiate their products. Instead, the government typically dictates economic activities and resource allocation.
What else can I help you with?
What economic system allows competition?
The Free Market system is designed for competition.
What are the four types of competition in marketing channel?
Horizontal competition, Inter-type competition, vertical competition, channel system competition
What is an economic system called that is designed to eliminate competition by selling goods at predetermined prices?
An economic system designed to eliminate competition by selling goods at predetermined prices is known as a controlled economy or command economy. In this system, the government or central authority makes decisions about production, pricing, and distribution of goods and services, often leading to price fixing and reduced market competition. This approach is typically associated with socialist or communist economic models, where the aim is to promote equity and stability rather than market-driven outcomes.
How is a communist economic system different from a enterprise system?
A communist economic system is related to a whole country, while an enterprise system is restricted to that enterprise and it isn't a communist system because all employees can drive their own lives.
What happens to prices as competition increases?
usually will increase as well
What happens when markets don't have enough competition?
1. What happens when markets do not have enough competition?
Why did Stalin refuse aid from the us-sponsored marshall plan?
Since the Cold War was, in a sense, a huge competition between the Communist economic system and the free market economic system, it would not look good if a communist system accepted help from a free market system. A superior system does not need the help of an inferior system. (Incidentally, you are talking about the Marshall, not Marchall Plan.)
What was banned under the communist system in russia?
Private ownership of property was banned under the Communist system.
How did communist affect industry?
Communism affects industrial production because it does not encourage competition.
What economic system allows competition?
The Free Market system is designed for competition.
What is another name for a communist system?
another name for a communist system is a pedolusis system, they're both the same things and most federal systems have them
What happens when competition occurs?
heey
What happens to when two organisms attempt to occupy the same niche?
COMPETITION competition
What happens when two organisms attempt to occupy the same niches?
COMPETITION competition
China's government system?
Communist.
What was China's system of government?
Communist.
What are the four types of competition in marketing channel?
Horizontal competition, Inter-type competition, vertical competition, channel system competition
