Outside it's PPF.
Controlled.
You should produce mixed goods in a mixed economy.
It is the demand and supply which determines the goods and services to produce in the economy.
Controlled
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.
Controlled.
You should produce mixed goods in a mixed economy.
You should produce mixed goods in a mixed economy.
It is the demand and supply which determines the goods and services to produce in the economy.
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
Controlled
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.
Free/market economy
Controlled.
Controlled.
cut diamonds
Controlled.