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Why do government play a minor role in economic activity in a market economy?
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How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
What is market based economic system with limited government involvement?
Market Economy
In a market economy who makes the decisions that guide most economic activity?
firms and households
Is Colombia a capitalist command or mixed economy?
Colombia has a 'mixed' economy in terms of a certain level of Government regulation in what can be largely considered a free market economy. This is what most Western economies have. A command economy is what the old Communist States had: economic activity was almost totally dictated by Government demands and regulations. A capitalist economy has almost total freedom of economic activity with an absolute minimum of Government involvement. Not even the US has that, much to the regret of the Tea Party.
Match the economic system with the players who are responsible for the important economic decisions.?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
What is market based economic system with limited government involvement?
Market Economy
In a market economy who makes the decisions that guide most economic activity?
firms and households
Is Colombia a capitalist command or mixed economy?
Colombia has a 'mixed' economy in terms of a certain level of Government regulation in what can be largely considered a free market economy. This is what most Western economies have. A command economy is what the old Communist States had: economic activity was almost totally dictated by Government demands and regulations. A capitalist economy has almost total freedom of economic activity with an absolute minimum of Government involvement. Not even the US has that, much to the regret of the Tea Party.
The mixed economy of Australia is becoming more of a market economy as fewer economic decisions are made by?
the government.
Match the economic system with the players who are responsible for the important economic decisions.?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
What is a economic market system?
An economy that allows business owners to complete in the market with little government interference.
Which economic system is defined by a free market and private ownership?
It is generally known as a market economy. In this economy, the choices are made by the people and not the government.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
The circular flow of economic activity describes an economy that is free of market true ofr false?
False
Why do economists describe the us economy as a mixed market economy?
Citizens have economic freedoms with some government regulation
What kind of economic system does Poland have?
Capitalist: class ownership, wages system, production for sale.
