The competition in market economies encourages both quality and low prices.
The competition in market economies encourages both quality and low prices.
the competition in the market economies encourages both qyality and low prices.
The competition in market economies encourages both quality and low prices.
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
Market economies usually avoid terrible shortages by ensuring a steady flow of income into their normal budget and also maintaing their spending and advertisement habits.
The competition in market economies encourages both quality and low prices.
the competition in the market economies encourages both qyality and low prices.
The competition in market economies encourages both quality and low prices.
the most efficient use of resources in producing what people want
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
Market economies usually avoid terrible shortages by ensuring a steady flow of income into their normal budget and also maintaing their spending and advertisement habits.
Market economies usually avoid terrible shortages by ensuring a steady flow of income into their normal budget and also maintaing their spending and advertisement habits.
Answer this question… They were much less efficient at producing goods than Western free market economies.
Some factors that contributed to the collapse of command economies were the following:They were much less efficient at producing goods than Western free market economies.They were too focused on producing consumer goods instead of valuable new technologiesApex: They were much less efficient at producing goods than Western free market economies.
In market economies consumers learn not to want things that are not supplied, so there can never be a real shortage in a market economy.
Market economies usually avoid terrible shortages by ensuring a steady flow of income into their normal budget and also maintaing their spending and advertisement habits.
Equilibrium and economies scale in market economy