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There are neither pure market economies nor pure command economies because real-world economies often require a blend of both systems to function effectively. Pure market economies can lead to inequalities and market failures, while pure command economies may stifle innovation and limit individual freedoms. Most economies incorporate elements of both, utilizing government intervention to correct market failures and ensure social welfare while still allowing for market-driven mechanisms to promote efficiency and growth. This mixed approach helps balance the benefits and drawbacks of each system.
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Is there a pure command and pure market economies?
no
What is Difference between pure market and command economies?
In a market economy, resources are allocated to the production of goods and services on the basis of decisions made by individual businesses anticipating customer needs and desires. The communication
Pure market economies always what?
Pure market economies always rely on supply and demand to allocate resources without government intervention. In such systems, prices are determined by the interactions between consumers and producers, leading to efficient distribution of goods and services. However, pure market economies can also lead to inequalities and may not adequately address public goods or externalities. As a result, most economies incorporate some level of government regulation to balance these issues.
One reason pure market economies are non-existent?
They don't do enough to encourage entrepreneurship
What economics and political symtem have evolves to answer the basic questions of economics?
The three economic questions are:What to produce, how to produce, and for whom to produce.There are three main systems that have developed to answer those questions:Traditional economies (economies that answer those questions the same way as their ancestors did) examples are Native American cultures and African tribes.Market economies (where consumers decide what, the producers decide how, and price and income decide for whom) example = JapanCommand/ centrally planned economies (the government decides the answers to these questions) example = USSR and ChinaMost of these economies do not exist in pure form. They exist as mixed economies. For example the United States which has mainly a market economy with some government control and intervention.As far as political systems, democracy/republic works with mixed, market, and traditional, also with command sometimes.Communism is the system that goes with a command/centrally planned economy.Fascism attempts to go between market and command.
Is there a pure command and pure market economies?
no
What is Difference between pure market and command economies?
In a market economy, resources are allocated to the production of goods and services on the basis of decisions made by individual businesses anticipating customer needs and desires. The communication
Why most countries are on a continuum between pure market and pure command?
A pure market economy invites abuse by plutocrats, and a pure command economy invites abuse by dictators; neither system in its pure form has a history of working successfully over any significant length of time. The mixed form allows for some opportunity to correct the problems of each system. Of course, with most economies of the world struggling at the present time (late 2011) one might argue that the mixed system hasn't worked too well, either. It may be that the human race has not yet figured out a good way to manage an economy.
What is the difference between a pure command country and a pure market country?
Pure command country means government or single man finalization and will taken in action Pure market country means there is more change to grow in private sector
Pure market economies always what?
Pure market economies always rely on supply and demand to allocate resources without government intervention. In such systems, prices are determined by the interactions between consumers and producers, leading to efficient distribution of goods and services. However, pure market economies can also lead to inequalities and may not adequately address public goods or externalities. As a result, most economies incorporate some level of government regulation to balance these issues.
One reason pure market economies are non-existent?
They don't do enough to encourage entrepreneurship
What economics and political symtem have evolves to answer the basic questions of economics?
The three economic questions are:What to produce, how to produce, and for whom to produce.There are three main systems that have developed to answer those questions:Traditional economies (economies that answer those questions the same way as their ancestors did) examples are Native American cultures and African tribes.Market economies (where consumers decide what, the producers decide how, and price and income decide for whom) example = JapanCommand/ centrally planned economies (the government decides the answers to these questions) example = USSR and ChinaMost of these economies do not exist in pure form. They exist as mixed economies. For example the United States which has mainly a market economy with some government control and intervention.As far as political systems, democracy/republic works with mixed, market, and traditional, also with command sometimes.Communism is the system that goes with a command/centrally planned economy.Fascism attempts to go between market and command.
Countries with mixed economic system?
Almost every country in the world is a mixed economic system, there are no real pure capitalistic or pure command economies any more. Nations either have a capitalistic economy (which is mixed but more capitalistic than socialistic) or mixed command economies (which has a private sector but this is dwarfed by the public sector).
Explain how most countries have a mixed economy located on a continuum between pure market and pure command?
g yudiosk
Explain how most countries have a mixed economy located on a continuum between pure and market and pure command?
g yudiosk
Is the South African economy classified as a command or market economy?
yes, South Africa is a Pure market economy
Is the US a pure capitalist system or a pure command system?
The US is neither, however it leans much towards Capitalism, and with the new healthcare, socialism.
