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What is an economic system in which the government plans and determines the production of goods and services?
Wiki User
∙ 11y ago
Command economy
Wiki User
∙ 11y ago
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What do you call an economic activity that has to do with the creation of good and services?
Production
In a mixed-market economic system who determines what products should be produced and how they should be produced?
In a command economy, also known as a planned economy, the government largely determines what is produced and in what amounts. In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.
What is economic mode?
A state of equilibrium in the production of goods and services within the economic parameters in consumption,investments,savings and the forces of supply and demand for production.
Definition of economic institution?
An economic institution is the set of norms relating to production and distribution of goods and services
Describe the allocation of resources in market and mixed economic systems?
In a free market where the demand and supply of resources as return to factors are determined by market forces to determine the resource allocation usually owned by private Enterprise through price mechanism, although government control to some extent also determines the allocation of resources for auxiliary or subordinate production of goods and services in a mixed economic system by planning in the production possibilities by the scarce resource allocation .
What do you call an economic activity that has to do with the creation of good and services?
Production
In a mixed-market economic system who determines what products should be produced and how they should be produced?
In a command economy, also known as a planned economy, the government largely determines what is produced and in what amounts. In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.
What does economic do with resources when it comes to the production and distribution of goods and services?
Allocating
What is economic mode?
A state of equilibrium in the production of goods and services within the economic parameters in consumption,investments,savings and the forces of supply and demand for production.
What is economic theory another name for?
An economic theory is a theory that has to do with the production, distribution and consumption of goods and services.
Definition of economic institution?
An economic institution is the set of norms relating to production and distribution of goods and services
Art and economics?
art is the production of goods and services,this makes it an economic activity
Describe the allocation of resources in market and mixed economic systems?
In a free market where the demand and supply of resources as return to factors are determined by market forces to determine the resource allocation usually owned by private Enterprise through price mechanism, although government control to some extent also determines the allocation of resources for auxiliary or subordinate production of goods and services in a mixed economic system by planning in the production possibilities by the scarce resource allocation .
What is Tertiary Production?
Tertiary production is part of the three sectors of the economic theory. The tertiary production refers to the creation of intangible goods and provides services to the two other sectors of economic theory.
Define economic system?
is the system of production,distribution and consumption of goods and services of an economy
Economic is about doing it resources when it comes to the production and distribution of goods and services?
Allocating Apex
What is an economic system in which production of goods and services is determined by demand from consumers?
Emily p
