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Which economic system is the only pure system that really exists?
Wiki User
∙ 11y ago
market
Wiki User
∙ 11y ago
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An economic system in which a free market prevails?
Exists only i n economics textbooks, not the real world. the state always intervenes in favour of the capitalist class.
What is the economic system in which colonies only exist for the profit or benefit of the Mother Country?
Mercantilism
What is employment like in socialist economic system?
Just like the way it works in a capitalist economic system,only you work for the GOVERNMENT and not just some fat guy who likes Cheetos.You will still have a normal "boss",only he will be part of the government.
What is Economic meltdown and it relevance in banking industry?
If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.
Why planned economic system only exists in theory?
Essentially, planned economic systems don't exist in real life (with a few notable exceptions, including North Korea) for two reasons: 1) To create a planned economic system is very complicated due to information centralisation, and would be very costly to maintain and implement. This serves as a barrier to making a planned system in the first instance. 2) Planned systems suffer from extraordinary economic inefficiencies due to incredible distortion of market signals, which normally allow individuals to make efficient good allocations and schedules. The organiser of the planned economy has to try and overcome this by perfectly predicting market equilibria and enforcing production quotas to maintain them. However, there is no incentive to follow quotas but force, since there is no reward from production.
An economic system in which a free market prevails?
Exists only i n economics textbooks, not the real world. the state always intervenes in favour of the capitalist class.
What mythological creature really exists?
Mythological means existing only in the imagination so, by definition, no mythological creature really exists.
Water exists on other planets in the solar system. Life exists only on Earth because water exists as a on Earth.?
The word you're missing is.... liquid.
Water exists on other planets in the solar system. Life exists only on Earth because water exists as a on Earth?
The word you're missing is.... liquid.
What type of system has a socialist economic system and a totalitarian form of government?
Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.
What happens when you have a level 86 Magikarp in Pokemon platinum?
Nothing really, only the fact that you have it, and it exists.
Which explanation for religions maintains that the supernatural is imaginary and only the physical world really exists?
materialism
What is an extra solar planet?
a planet that exists outside of our 'solar system' (this is the only solar system, because our sun is named 'Sol')
Is earth only planet that has nature?
No. Nature exists on and in every planet. Earth is, however, the only planet in our solar system to have life.
What countries are libertarianism?
Libertarianism only really exists in the United States. Elsewhere it is simply called liberalism.
What is the economic system in which colonies only exist for the profit or benefit of the Mother Country?
Mercantilism
What is employment like in socialist economic system?
Just like the way it works in a capitalist economic system,only you work for the GOVERNMENT and not just some fat guy who likes Cheetos.You will still have a normal "boss",only he will be part of the government.
