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List all four types of economic system?
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
Does the US have a command economy?
No, it is a market economy. The former USSR is an example of a command economy (as well as Cuba, North Korea, and Vietnam) Actually, the U.S. is a mix between a market economy and a command economy. It is more of a market than a command but it is not completely either one.
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
Contrast how a market system and a command economy try to cope with the problem of economic scarcity?
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies. Read more: http://www.investopedia.com/terms/c/command-economy.asp#ixzz27xmMBJXEA market system is an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
Does the government take a more active role in a command economy?
Yes
How does a democratic government differ from an oligarchic government?
they are similar because democracy and oligarchy have some sort of laws
What is the difference between a pure command country and a pure market country?
Pure command country means government or single man finalization and will taken in action Pure market country means there is more change to grow in private sector
List all four types of economic system?
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
Does the US have a command economy?
No, it is a market economy. The former USSR is an example of a command economy (as well as Cuba, North Korea, and Vietnam) Actually, the U.S. is a mix between a market economy and a command economy. It is more of a market than a command but it is not completely either one.
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
What is command in the incident command system?
a modular structure for command, control, and coordination of a response developed more then 30 years ago
Contrast how a market system and a command economy try to cope with the problem of economic scarcity?
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies. Read more: http://www.investopedia.com/terms/c/command-economy.asp#ixzz27xmMBJXEA market system is an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
what prohibited in a conmand economy?
In a command economy, which is controlled by a central, often authoritarian government, all forms of private ownership of property is prohibited. This is to avoid the nation's wealth accumulating in the hands of a few. Also prohibited is private investment and return.
Does the government take a more active role in a command economy?
Yes
Is US a traditional command or mixed economy?
Actually the United States is a Market Economy. Some people also call it free enterprise or a capitalism. The US could also be a mixed economy because the government also owns some things like railroads and some businesses but it is more of a Market Economy. This is where you make choices on what you want to make, how much you want it to cost, you are free to do anything without little government interference. A traditional economy is quite old now, this is where you trade or barter than actually paying anything. A command economy is where the government tells you what to make, how much it will cost, and you have to deal with the government more. A mixed economy is where there is a mixture of economic systems. To make it more plainer - The US could be either a Market or Mixed Economy but is more of a Market Economy!! Hopes this helps :D
What best describes a command economy?
A command economy is one where a central authority controls all economic activity, 'commanding' what products are produced, and what crops are grown, investment and prices etc.
Was government to blame for the stock market crash?
No, the government does not control the stock market. The stock price is determined by the last sale price agreed by the buyer and seller. if there is a bunch of panic sellers this will drive the price down and once its going down... more panic sells, down hill...
