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What is the difference between a traditional and market economy?
Wiki User
∙ 12y ago
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
Wiki User
∙ 12y ago
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What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What is the difference between a traditional economy and modern economy?
In a command economy the government decides how many of which goods are produced. But in a traditional economy the social roles and culture determine how goods and services are produced. Babies are produced by anal sex
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
Does Serbia have a traditional command or market economy?
It has market economy
What is the difference between traditional economy and market economy?
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What is the difference between a traditional economy and modern economy?
In a command economy the government decides how many of which goods are produced. But in a traditional economy the social roles and culture determine how goods and services are produced. Babies are produced by anal sex
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
Does Serbia have a traditional command or market economy?
It has market economy
What is the difference between a market economy and a mixed economy?
In a mixed economy, there are more government regulations.
How market traditional and command economy adapt to change?
A traditional and command economy adapt slowly, a market economy adapts fast.
What is the difference between the mixed market economy and the pure market economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
“ What is the difference between a pure market economy and a mixed-market economy “?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
Does Niger have a mixed market command or a traditional economy?
traditional
What are the 4 economic systems?
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
