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What is an economy in which the government makes the decisions of goods production?
A command economy is one in which the government makes decisions regarding production, consumption, and all other aspects of the economy. It is a primary feature of any communist society.
Why is the government important to our economy?
the government is important in the country because:he makes sure the needs of the countrys people are methe makes sure the finances are in orderhe makes training courses for people working in a certain part of the economy to in improve their skills and contribute more to the country and economy from a primary school learner
Why is government important to the economy?
the government is important in the country because:he makes sure the needs of the countrys people are methe makes sure the finances are in orderhe makes training courses for people working in a certain part of the economy to in improve their skills and contribute more to the country and economy from a primary school learner
What is the primary aim of a centrally planned economy?
The primary aim of a centrally planned economy is to allocate resources and direct economic activity according to a predetermined set of goals and priorities established by the government. This system seeks to achieve specific social and economic outcomes, such as equitable distribution of wealth, full employment, and the provision of essential goods and services. By controlling production and distribution, the government aims to minimize market fluctuations and ensure stability in the economy. However, this can often lead to inefficiencies and a lack of innovation compared to market-driven economies.
What is the primary entity in a free market economy?
Corporation
What is the primary reasons for government to intervene in a free enterprise economy?
The primary reason for government to intervene in a free enterprise economy is simple. The government deemed something to be harmful or deconstructive.
What are the characteristics of a command economy?
The primary characteristic of a command economy is that supply and price are regulated by the government instead of the market. In this way, the government decides which goods are produced and how they should be distributed.
What is an economy in which the government makes the decisions of goods production?
A command economy is one in which the government makes decisions regarding production, consumption, and all other aspects of the economy. It is a primary feature of any communist society.
Why is the government important to our economy?
the government is important in the country because:he makes sure the needs of the countrys people are methe makes sure the finances are in orderhe makes training courses for people working in a certain part of the economy to in improve their skills and contribute more to the country and economy from a primary school learner
Why is government important to the economy?
the government is important in the country because:he makes sure the needs of the countrys people are methe makes sure the finances are in orderhe makes training courses for people working in a certain part of the economy to in improve their skills and contribute more to the country and economy from a primary school learner
What is the primary foundation of the economy of Arabian Peninsula?
Oil is the primary foundation of the Arabian Peninsula economy. Natural gas is also essential to the Arabian Peninsula's economy.
What is primary stakeholders?
A primary stakeholder is someone who has a direct interest in a subject. These people usually need to be kept updated in regular intervals and will intervene if their interests are neglected.
A component unit is dependent on the primary government when the?
primary government is obligated for its debt.
What is the primary activity of paraguay's economy?
agriculture
What is primary activity of Paraguay's economy?
agriculture
What is the primary economic activity of the Middle East?
Free economy and Command economy
What is the primary aim of a centrally planned economy?
The primary aim of a centrally planned economy is to allocate resources and direct economic activity according to a predetermined set of goals and priorities established by the government. This system seeks to achieve specific social and economic outcomes, such as equitable distribution of wealth, full employment, and the provision of essential goods and services. By controlling production and distribution, the government aims to minimize market fluctuations and ensure stability in the economy. However, this can often lead to inefficiencies and a lack of innovation compared to market-driven economies.
