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What does the government have to do with making economic decisions?
The government has to make economic decisions by budget, giving aid, and the government gets their money from taxes.
Who makes decisions for a mixed economy?
Government officials and legislatures make economic decisions
In which economic system does the government make most economic decisions?
command economy
Government makes some economic decisions individuals and companies make other decisions?
Mixed economy.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What does the government have to do with making economic decisions?
The government has to make economic decisions by budget, giving aid, and the government gets their money from taxes.
Who makes decisions for a mixed economy?
Government officials and legislatures make economic decisions
In which economic system does the government make most economic decisions?
command economy
Government makes some economic decisions individuals and companies make other decisions?
Mixed economy.
In Which type of government of economic system does the government make no decisions?
There are several such systems, but the most popular is the laissez-faire system.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
In which type of economic system does the government make no economic decisions?
There are several such systems, but the most popular is the laissez-faire system.
Why do public goods demonstrate the limitations of a free market economy?
They allow government to make some economic decisions..
What three key economic decisions must every economic system make?
The three key economic decision of every economic system are price, how much to produce, and where to sell the product. This follows the principles of the laws of supply and demand.
In which type of economics system does the government make no economic decisions?
There are several such systems, but the most popular is the laissez-faire system.
Examples of economic choices you have to make?
different people make different economic decisions
Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
