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How is mercantilism different than a market economy?
becausIn mercantilism, the government decides pricing instead of the consumer.e it is
Why is competition important to a free enterprise economy?
Competition is important to a free enterprise economy for many reasons including; lower pricing, improving product and attracting consumers.
What factors and resources does the government own in a centrally planned economy?
The factors and resources that the government owns in a centrally planned economy include decisions, pricing, and the entire market.
Which economic system has become associated with authoritarian governments and total control of the economy?
The command economy is the economic system that is associated with authoritarian governments and total control of the economy. The government imposes strict control of the production activities, pricing and exports.
What is another word for market economy?
Another word for a market economy is a "capitalist economy." In this system, economic decisions and the pricing of goods and services are determined by the interactions of citizens and businesses in the marketplace, with minimal government intervention. Other terms that may be used interchangeably include "free market economy" or "free enterprise system."
What affect did the protective tariffs have on the American economy?
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
Price stability is concerned with?
Price stability is concerned with inflation. This is due to the fact that inflation dictates the economy. The greater the stability in pricing equates to a stable economy.
How is mercantilism different than a market economy?
becausIn mercantilism, the government decides pricing instead of the consumer.e it is
Why is competition important to a free enterprise economy?
Competition is important to a free enterprise economy for many reasons including; lower pricing, improving product and attracting consumers.
What factors and resources does the government own in a centrally planned economy?
The factors and resources that the government owns in a centrally planned economy include decisions, pricing, and the entire market.
Which economic system has become associated with authoritarian governments and total control of the economy?
The command economy is the economic system that is associated with authoritarian governments and total control of the economy. The government imposes strict control of the production activities, pricing and exports.
What are the fare classes offered by Air India and how do they differ in terms of pricing and amenities?
Air India offers different fare classes such as Economy, Premium Economy, and Business Class. These classes differ in terms of pricing and amenities. Economy class is the most affordable option with basic amenities, while Premium Economy offers more comfort and amenities at a higher price. Business Class provides the highest level of comfort and amenities, but comes with a premium price tag.
What does SIC basis means for tours touring packages?
Seat In Coach. IE, the package pricing is based on an economy ("coach") seat.
Who is the actress that appears in the Ford employee pricing commercials?
The Ford employee pricing commercials have actual Ford employees in the commercial. Ford presently employs 54,000 mean and women. Several Ford plants were closed because of the economy.
What is another word for market economy?
Another word for a market economy is a "capitalist economy." In this system, economic decisions and the pricing of goods and services are determined by the interactions of citizens and businesses in the marketplace, with minimal government intervention. Other terms that may be used interchangeably include "free market economy" or "free enterprise system."
What are the characteristic of command?
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
What are the characteristic of a centrally planned economy?
A centrally planned economy usually has one central body (government agency) that determines the products that should be produced and how they should be sold. In a centrally planned economy, the forces of demand and supply will play a very small role in pricing or export and imports.
