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Lamar Gibson

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4y ago

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What do critics say about market economies?

Critics commonly argue that in a market system the rich, who begin with a disproportionately large share of resources, tend to become richer while the poor, who begin with a disproportionately small share of resources, tend to become poorer.


Most economies today are economies?

all economies today are actually (mixed)


Why might developed economies want to outsource manufacturing and other jobs to developing economies?

Why might developed economies want to outsource manufacturing and other jobs to developing economies?


Why are most economies refered to as mixed economies?

poverty is always higest in countries with market economies


Why are most economies referred to as mixed economies?

poverty is always higest in countries with market economies


Why are most modern economies referred as mixed economies?

poverty is always higest in countries with market economies


Most economies have what economists call?

mixed economies


What were the aims of the European coal and steel community?

Short term: to pool coal and steel resources , thereby strengthening the economies of participating states. Long term: to begin the process of European integration.


Why are command economies less efficient the market economies?

the competition in the market economies encourages both qyality and low prices.


Traditional economies are also known as?

barter economies where goods and services are exchanged without the use of money.


Why more modern economists are mixed economies elaborate?

Most mixed economies can be described as market economies with strong regulatory.


What is the plural of economy?

The plural of economy is economies. As in "the economies are failing".