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What might be a hardship for citizens of a centrally planned economy making a trasition to a free market economy?
Wiki User
∙ 12y ago
Workers would lose job security and guaranteed incomes.
Daniella Bogan
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What is the role of government in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Is ireland's economy centrally planned?
ummm
What is centrally planned democratic free economy?
A centrally planned democratic free economy is one whereby the budget making process involves everyone.
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
What is the characteristic of a centrally planned economy?
One characteristic of a centrally planned economy is a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.
What might be a hardship for citizens of a centrally planned economy making a transition to a marketability?
Workers would lose job security and guaranteed incomes.
What might be a hardship citizens of a centrally planned economy making a transition to a market-based system?
Workers would lose job security and guaranteed incomes.
What might be a hardship of a centrally planned economy making a transition to a market based system?
i think its, enterepreneurs would have fewer opportunities to start new businesses.
What is the governments role in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
What is the role of government in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
How is a government involved in a centrally planned economy?
In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
Is ireland's economy centrally planned?
ummm
What is centrally planned democratic free economy?
A centrally planned democratic free economy is one whereby the budget making process involves everyone.
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
An economy in which only the government makes economic decisions is a?
Centrally Planned Economy
What is the characteristic of a centrally planned economy?
One characteristic of a centrally planned economy is a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.
Which country has most extreme example of a centrally planned economy?
the most extreme example of a centrally planned economy are china,hongkong,cua and north korea
