0
Why do command economies believe that an authoritarian system is more efficient than the price system for allocating scarce resources?
Command economies believe that an authoritarian system is more efficient than the price system for allocating scarce resources because it allows for centralized decision-making and the direct control of resources. This can lead to quicker implementation of policies and the ability to prioritize national goals over individual interests, thereby avoiding market inefficiencies and fluctuations. Additionally, it aims to ensure equitable distribution of resources, which proponents argue can reduce inequalities inherent in market-driven economies.
What else can I help you with?
History and experience have shown that economies become most efficient at converting resources into desired products when there is?
Economies are most efficient when there is competition.
What are the advantages and disadvantages of allocating resources through the public sector?
The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.
Efficiency of price mechanism in allocating resources?
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods
Is a structure for allocating scare resources?
An Economic system
What is a structure for allocating scarce resources.?
An economic plan
History and experience have shown that economies become most efficient at converting resources into desired products when there is?
Economies are most efficient when there is competition.
All large modern economies have become mostly market economies because market economies provide?
the most efficient use of resources in producing what people want
What are the advantages and disadvantages of allocating resources through the public sector?
The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.
Efficiency of price mechanism in allocating resources?
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods
What term denotes s nation's basis for allocating its resources among its citizens?
The term that denotes a nation's basis for allocating its resources among its citizens is "economic system." This system defines how resources are distributed, whether through market mechanisms, government planning, or a combination of both. Common types of economic systems include capitalism, socialism, and mixed economies, each with distinct approaches to resource allocation.
Discuss the shortcomings of the market in allocating resources?
"Discuss the shortcomings of the market in allocating resources?" how the intervention of gov will attempt to correct the maket shortcoming?
Is a structure for allocating scare resources?
An Economic system
Is a structure for allocating scarce resources?
An economic plan
What is a structure for allocating scarce resources.?
An economic plan
Advantage and disadvantage of trying to plan and predict what people will demand and allocating a country's resources on that basis?
Advantage and disadvantage of trying to plan and predict what people will demand and allocating a country's resources on that basis?
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
What does Economics do with resources when it comes to the production and distribution of goods and services?
Allocating
