an economic system in which the central government directs all major economic decisions
Command economy
Command Economy. :D
There are several such systems, but the most popular is the laissez-faire system.
Economic decisions under capitalism are made with an eye to increasing profits. Government involved is limited, and social responsibility is not a major consideration.
How resource constrain guide you to take major economic decisions?
an economic system in which the central government directs all major economic decisions
Capitalism, socialism, and communism are major economic systems.
Command economy
Command Economy. :D
There are several such systems, but the most popular is the laissez-faire system.
Economic decisions under capitalism are made with an eye to increasing profits. Government involved is limited, and social responsibility is not a major consideration.
free-market economy
There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.
sorry i don't know
The two major fields of economic study are macroeconomics and microeconomics. Macroeconomics deals with the large scale economic factors while microeconomics deals wit single factors of personal decisions.
Some major elements of a free enterprise system include right of land and freedom of economic decisions