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How might a nation move from a command economy to a market economy?

Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.


What motivates people to work in a market economy?

In a market economy, people are motivated to work by self interest. In a command economy, such as that of North Korea, people are motivated by some combination of patriotism and fear. In a utopian community they might be motivated by idealism. Those are pretty much the only options.


How might economic activities within a family with adults teenagers and young children represent aspects of traditional command and market economies?

Economic activities within a family can reflect aspects of both traditional command and market economies. For instance, a family might engage in traditional practices, such as gardening or cooking meals from scratch, reminiscent of a command economy where self-sufficiency is emphasized. Conversely, teenagers might seek part-time jobs, reflecting market economy principles through individual choice and competition. Additionally, purchasing decisions made by parents often involve market dynamics, as they navigate supply and demand for goods and services.


Why might a socialist society have a less rigid command economy than a communist socirty?

In a socialist society, various political systems may be combines with public control of the economy.


A government that operates a market economy MIGHT become involved in the economy?

to provide public goods and services to its citizens.

Related Questions

Why might socialist have a less rigid command economy than a communist economy?

In a socialist society, various political systems may be combines with public control of the economy.


How might a nation move from a command economy to a market economy?

Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.


Why might socialist society have a less rigid command economy than a communist?

In a socialist society, various political systems may be combines with public control of the economy.


Why might a socialists society have a less rigid command economy than a communist society?

In a socialist society, various political systems may be combines with public control of the economy.


Why might a socialist society have a less-rigid command economy than a communist society?

In a socialist society, various political systems may be combines with public control of the economy.


Why might a socialist have a less rigid command economy than a communist society?

In a socialist society, various political systems may be combines with public control of the economy.


What motivates people to work in a market economy?

In a market economy, people are motivated to work by self interest. In a command economy, such as that of North Korea, people are motivated by some combination of patriotism and fear. In a utopian community they might be motivated by idealism. Those are pretty much the only options.


What is a metaphor and how do you use it?

A metaphor directly substitute one thing for another as a comparison. Instead of using a simile, "Hope is like a bird," the metaphor might be, "Hope is a thing with feathers."


The car was roaring simile or metaphor?

This phrase is neither a simile or metaphor, it is pesonification. if you want a simile you might say...The car was roaring like a cat. or a metaphor...the roaring car was a cat


When might an area command become a unified command?

when incidents are multi jurisdictional


What countries have come the closet to having purely command economy's?

North Korea, China, Cuba, and Vietnam are the few that I know of, if this doesn't help search GOOGLE, and BING. They might have more suitable answers.


What are synonyms for might?

command, control, capacity