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What is an economic system in which government makes all economic decisions about how goods and services and produced and distributed is called?
Socialism.
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
Who makes the economic decisions in Australia?
who makes australia's economic decisions
How many different economic systems exist?
Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.
What is the basic economic problem that makes choices necessary?
The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.
What is an economic system in which government makes all economic decisions about how goods and services and produced and distributed is called?
Socialism.
Is Islamic Economics an economic system?
YES. Shari'a Compliant Economics, also called Islamic Economics, is an economic model that has a number of specific requirements for risk allocation, use of percentage stakes of a company instead of loans, and an apparent higher ethical standard in deals. The inability to use interest in the economic model makes Shari'a Compliant Economics fundamentally distinct from all other modern economic systems (capitalism, planned markets, socialism, and communism) and its use of modern financial transactions and currency make it distinct from most forms of traditional or barter economic systems.
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
What makes private healthcare systems unique?
Private healthcare systems are unique because you can pay for your treatment weekly,monthly and yearly.when you are ill you will be given the best care possible,have a private room and a nurse to care for you.
What part of the constitution makes socialism illegal?
Its not illegal, there are plenty of things in this country that have been socialism for decades...like public education.
What makes democracy popular?
The question is meaningless as asked: democracy and socialism cannot be contrasted that way. Democracy is a political term describing how a government is formed, and socialism is an economic term describing how people are treated.
What manufacurer makes the best air tube systems?
AirTubes.com has been around since 1995 and pride themselves on matching their systems to your unique business needs. Check out their website at: http://www.airtubes.com/
Who makes the economic decisions in Australia?
who makes australia's economic decisions
What makes person unique?
There is nothing that makes any individual unique.
What makes a religion unique and distinct from other belief systems?
Religions are unique and distinct from other belief systems because they typically involve a set of organized practices, rituals, and doctrines centered around a higher power or deity. They often have sacred texts, moral codes, and a sense of community that sets them apart from other belief systems.
How do you describe what makes you unique?
what makes you unique is your own personality its what you do to make your self special
What makes a habitat unique?
it makes it unique because it is only for a sertain animal and will survive for that animal only What makes a habitat unique, is the animal that resides there. The habitat makes it possible for that organism to survive and thrive.
