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Why do all economics have similar central problems?
All economics in the current world (except North Korea) are based on open or semi open market capitalistic economy. Being the same economical model, they face similar central problems.
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
Do all economic systems you central planners to decide how much of a good will be produced?
Not all economic systems rely on central planners to determine production levels. In command economies, central planners make these decisions, while market economies allow supply and demand to dictate production through individual choices and competition. Mixed economies incorporate elements of both, where some goods are produced through central planning and others through market mechanisms. Each system has its own approach to balancing efficiency, equity, and resource allocation.
Most economies today are economies?
all economies today are actually (mixed)
What are the economies of all cultures based on?
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
Why do all economics have similar central problems?
All economics in the current world (except North Korea) are based on open or semi open market capitalistic economy. Being the same economical model, they face similar central problems.
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
Do all economic systems you central planners to decide how much of a good will be produced?
Not all economic systems rely on central planners to determine production levels. In command economies, central planners make these decisions, while market economies allow supply and demand to dictate production through individual choices and competition. Mixed economies incorporate elements of both, where some goods are produced through central planning and others through market mechanisms. Each system has its own approach to balancing efficiency, equity, and resource allocation.
Most economies today are economies?
all economies today are actually (mixed)
What are the problems faced by Indian banks?
Similar to those face by all other banks
What is Centeral planning?
Central planning is an economic system where the government or a central authority makes all decisions regarding the production and distribution of goods and services. This approach aims to allocate resources efficiently and achieve specific economic or social goals, often seen in socialist or communist economies. It contrasts with market economies, where decisions are driven by supply and demand. Central planning can lead to inefficiencies and shortages if not managed effectively.
Why is documentation of all services and repairs an important organizational tool for a technician?
It provides reference material for similar problems when such problems are encountered in the future.
What is Today the economies of virtually all nations would be classified as?
mixes economies
How does money greases the wheels of the economic activity?
source of inputs; used to purchase capital goods. payment of labour. medium of exchange in economies. it is central in all economic activities.
What are the economies of all cultures based on?
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
What is a planned ecomomies?
Planned economies, also known as command economies, are economic systems where the government or a central authority makes all decisions regarding the production and distribution of goods and services. In these economies, resource allocation is determined by a centralized plan rather than market forces, with the aim of achieving specific social or economic goals. This approach contrasts with market economies, where supply and demand dictate economic outcomes. Planned economies have been associated with various historical examples, including the former Soviet Union and certain socialist states.
All large modern economies have become mostly market economies because market economies provide?
the most efficient use of resources in producing what people want
