What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition to a planned command economy-planned by government personnel. Neither of these extremes exist in the real world. World economies are mixed economies. The difference between countries is the degree to which they are mixed. Economies such as Cuba and the former Soviet Union tend toward the command economy whilst economies such as Hong Kong and Singapore are cited as the freest market economies.
false because it tend to produce less than the efficient level of output
A market economy is often considered better than a planned economy because it promotes efficiency and innovation through competition. In a market system, resources are allocated based on supply and demand, allowing for responsive adjustments to consumer needs and preferences. This dynamic environment encourages businesses to innovate and improve products and services, leading to greater overall economic growth. Additionally, market economies tend to provide individuals with more choices and freedoms in their economic activities.
An economic system that emphasizes innovation, entrepreneurship, and free markets, such as a mixed capitalist system, is likely to grow fastest. These systems encourage competition and allow for the efficient allocation of resources, driving technological advancements and productivity. Additionally, economies that invest in education, infrastructure, and technology tend to experience rapid growth as they can adapt to changing market demands and foster a skilled workforce. Overall, flexibility and the ability to harness new ideas are key factors in promoting swift economic growth.
If you want to know why people have unemployment problems even with a rising stock market, the answer is that stock markets tend to run ahead about six months of "real", i.e. non-stock-exchange-related economies.
No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition to a planned command economy-planned by government personnel. Neither of these extremes exist in the real world. World economies are mixed economies. The difference between countries is the degree to which they are mixed. Economies such as Cuba and the former Soviet Union tend toward the command economy whilst economies such as Hong Kong and Singapore are cited as the freest market economies.
false because it tend to produce less than the efficient level of output
Any evidence that would tend to establish the fact that you had planned the event in advance of doing it.
traditional
A market economy is often considered better than a planned economy because it promotes efficiency and innovation through competition. In a market system, resources are allocated based on supply and demand, allowing for responsive adjustments to consumer needs and preferences. This dynamic environment encourages businesses to innovate and improve products and services, leading to greater overall economic growth. Additionally, market economies tend to provide individuals with more choices and freedoms in their economic activities.
Germans do tend to be organised, structured, efficient etc., but not all Germans are very organised.
Critics commonly argue that in a market system the rich, who begin with a disproportionately large share of resources, tend to become richer while the poor, who begin with a disproportionately small share of resources, tend to become poorer.
because cell has to maintain that ratio in order to absorb more nutrients and for efficient absorption of materials. Cells tend to remain small because it promotes efficient transport. If a size of cell get bigger, it takes a longer time for transport and diffusion.
A Sonicare Toothbrush is actually very efficient in cleaning your entire mouth. It can get in between your teeth to prevent gingivitis, and also makes it easier to clean the gums, which is where most people tend to ignore.
yes
Among other reasons, Japanese cars tend to be smaller and more fuel efficient.
While small, localized contractors tend to enjoy relative stability in their immediate markets, mid-sized contractors found it increasingly difficult to establish economies of scale.