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The competition in market economies encourages both quality and low prices.
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Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
How do market economies usually avoid such terrible shortage?
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.
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
All large modern economies have become mostly market economies because market economies provide?
the most efficient use of resources in producing what people want
How do market economies usually avoid such terrible shortage?
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.
How do market economies usually avoid terrible shortages?
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.
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
How are the goods and services allocated?
Goods and services are allocated through various mechanisms, primarily market economies, command economies, and mixed economies. In market economies, allocation is determined by supply and demand, where prices signal to producers and consumers how much to produce and consume. In command economies, the government makes decisions about allocation based on central planning. Mixed economies utilize a combination of both market and government interventions to achieve efficient allocation.
Which factor contributed to the collapse of command economies in communist countries at the end of the 20th century?
Answer this question… They were much less efficient at producing goods than Western free market economies.
What factors contributed to the collapse of command economies at the end of the 20th century?
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.
Command economies as in the former Soviet Union often have terrible shortages of common consumer goods like bathroom tissue How do market economies usually avoid such terrible shortages?
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.
How do economies usually avoid such such terrible shortages?
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.
