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What type of economy is it when people decide what to produce how much of it to produce and how much to charge for the product?
Wiki User
∙ 13y ago
Free/market economy
Wiki User
∙ 13y ago
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What happens in a traditional trade economy?
Individuals decide what to produce and how to product it.
In Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
Is planned economy the same as mixed economy?
china is centrally planned economy its means that all the things in china are occupies by china government. they will decide what to produce, where to produce, how to produce it also decides that in which quantity they has to produce the thing.
When trying to decide what to produce businesses will look at the demand for their goods of what type of economy?
market.
What happens in a traditional trade economy?
Individuals decide what to produce and how to product it.
In Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
What type of economy does the government decide what to produce and how to produce and for whom to produce?
Controlled.
Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
What type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
Is planned economy the same as mixed economy?
china is centrally planned economy its means that all the things in china are occupies by china government. they will decide what to produce, where to produce, how to produce it also decides that in which quantity they has to produce the thing.
When trying to decide what to produce businesses will look at the demand for their goods of what type of economy?
market.
What type of economy when trying to decide what to produce business will look at the demand for their goods?
market.
What are disadvantages to a market economy?
A Market economy is reffered to as an economy in which the consumers decide what to produce, How to produce and For whom to produce. There are several disadvantages of a market economy. The main one being an inefficient allocation of resources refered to as market failure. Firstly, some good and services would be under provided such as defence and education.
What type of economy best fits this description When trying to decide what to produce businesses will look at the demand for their goods?
market A+
What type of economy best fits this description When trying to decide what to produce businesses will look at the demand for their goods.?
market A+
When trying to decide what to produce business's will look at the demand for their goods what type of economy best fits the description?
market A+
