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A fixed economy refers to an economic system where prices, wages, and production levels are set by government regulations rather than being determined by market forces. In such economies, the government may control key industries and resources, aiming to stabilize the economy and ensure equitable distribution of goods and services. This contrasts with market economies, where supply and demand dictate economic activity. Fixed economies can lead to inefficiencies and shortages due to lack of competition and innovation.

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1y ago

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Related Questions

How can the economy be fixed?

To fix the economy, we have to stop spending and start saving.


How the currency value is fixed for different countries?

This is all interrelated to the U.S. financial economy. It is now a World Economy.


what are the advantages of fixed mortgages?

It depends on the economy. Fixed-rate mortgages are more expensive in the long run for large loans if the economy does decently well. Variable rate loans fluctuate with the economy, so if it's bad, the interest rate sky rockets and you have to pay more. Fixed mortgages are the easiest to work with thought and you aren't surprised by any changing rates.


How will your economy be fixed?

We can fix the economy by spending less and saving more. But in the long run, the economy is impossible to fix. Once it goes down to the ground, there is no way it can recover after a collapse in business and finance.


How does city sightseeing maximise sales revenue?

By economy of scale in which spreading fixed cost over units produced.


Why a cut in government spending has a larger effect under a fixed exchange rate system and perfect capital mobility than in a closed economy?

fixed and floating exchange rates


Items such as machinery buildings and other goods that are designed to increase the production potential of the economy are classified into which of these categories?

fixed capital


What Items such as machinery buildings and other goods that are designed to increase the production potential of the economy are classified into which of these categories?

Fixed capital


What is the average fixed rate on a student loan?

The current average fixed rate on a student loan is %6.80. Of course this changes on a regular basis as the economy and prime rate fluctuate. This also depends on the country you are living in.


What are fixed mortgages and what do they do?

You can get a loan with a fixed interest rate or a variable interest rate. The interest rate is the extra amount of money you have to pay back for taking out the loan. A fixed rate doesn't change the entire time you have the loan--even if the economy fails and everybody else has to get higher interest rates. However, the rates are usually set up higher and you end up paying more in the long run if you have a lengthy loan. If the economy does poorly, you might save money in a fixed rate because variable rates will spike.


Is EPA fuel economy listed on sticker fixed?

No. Fuel economy is influenced by many factors such as driving conditions, driving habits and of course vehicle condition. It is impossible for one set of estimates to predict fuel economy precisely for all drivers in all environments. (From motoroilmatters.org)


What were the 3 important decisions Ronald Reagan made during his presidency?

helped tear down the wall of china fixed the economy and lowered taxes

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