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Why do centrally planned economies have difficulty meeting consumer goods?
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Why do centrally planned economies have difficulty meeting consumers need?
In a free-market economy, the various suppliers of goods can increase or decrease production in relation to sales in the marketplace. This means that consumer's needs can be properly taken into account by the suppliers. Conversely, in a centrally planned economy, there is a long time differential between the supply as determined by the government and any changes that the government may make to that supply. As a result, the marketplace cannot adequately take care of consumers' needs.Additionally, it is not clear that the government will allocate production based on what the consumers actually want to consume. Governments may choose to produce specific products that they wish more members of the populations to have and fewer products that they wish to not be used in society. The amount of product in the market could be set based on bribes and corruption. The amount of product in the market could be based on government interest in companies making the product. There are even cases where the government wants to properly map consumers' needs, but are unable to accurately forecast those needs.
What is the aim of apec?
APEC was established in 1989 to further enhance economic growth and prosperity for the region and to strengthen the Asia-Pacific community.Since its inception, APEC has worked to reduce tariffs and other trade barriers across the Asia-Pacific region, creating efficient domestic economies and dramatically increasing exports. Key to achieving APEC's vision are what are referred to as the 'Bogor Goals' of free and open trade and investment in the Asia-Pacific by 2010 for industrialised economies and 2020 for developing economies. These goals were adopted by Leaders at their 1994 meeting in Bogor, Indonesia.see the related link for more info
What main points should be covered by an agenda and meeting papers?
A meeting agenda, or meeting papers, outlines a list of meeting activities in the order they will be discussed. Often approval of the previous meeting's minutes will start a meeting. Main points to be included in an agenda include the topics to be discussed and who is presenting. Time for discussion should also be included.
What are the objectives of meeting minutes?
Meeting minutes are used so people who were not at the meetings (like SEC investigators who are trying to prosecute your thieving CEO) can have a good idea of what happened during the meeting. Generally, meeting minutes will be a brief summary of discussions, but the level of detail required should be tailored to your circumstances and your audience.
What is a caricom summit?
the meeting of caricom leaders
Why do centrally planned economics have difficulty meeting consumers need?
see textbook lame
Why do centrally planned economies have difficulty meeting consumers need?
In a free-market economy, the various suppliers of goods can increase or decrease production in relation to sales in the marketplace. This means that consumer's needs can be properly taken into account by the suppliers. Conversely, in a centrally planned economy, there is a long time differential between the supply as determined by the government and any changes that the government may make to that supply. As a result, the marketplace cannot adequately take care of consumers' needs.Additionally, it is not clear that the government will allocate production based on what the consumers actually want to consume. Governments may choose to produce specific products that they wish more members of the populations to have and fewer products that they wish to not be used in society. The amount of product in the market could be set based on bribes and corruption. The amount of product in the market could be based on government interest in companies making the product. There are even cases where the government wants to properly map consumers' needs, but are unable to accurately forecast those needs.
The mezzanine is centrally located for meeting your friends during the intermission?
patio
What is g - 7 summit?
political meeting of the Heads of Government of the 7 biggest world economies.
Why did the state of TN have war destruction in every county?
Tn was located centrally, so it became the meeting point of many battles
What is a loner moon?
An introverted moon that has been abandoned by all its friends and has difficulty meeting others.
How can you apply consumer orientation?
You can apply consumer orientation by focusing your business on pleasing your customers. You can take polls and study what your customers like, and make sure you are meeting their expectations as a business.
How did the growth of cities and towns in the colonies lead to the development of an free-market econonmy?
Meeting needs through trade allowed free-market economies to develop in these towns.
Why does the Mexican government have difficulty meeting it's population's need for public services?
Mexico doesn't have good jobs and no good paying jobs.
Why is procurement lead time important?
When acquiring goods or services, it is essential to acquire it at minimal cost while meeting consumer demand in terms of quality and quantity.
Which is a main type of community structure?
One main type of community structure is called a town hall. In rural areas a town hall serves as a meeting place in the case of dangerous circumstances. Another type of community structure is a centrally located community center.
What is the meaning of corperate growth?
Corporate growth involves a company's strategic measures for production and services exceeding or meeting consumer and company's expectations. This is usually found in increase in profit.
