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Why do workers in a command economy have less incentive to be productive than wokers in a free enterprise system?
Wiki User
∙ 10y ago
it means you should not pay people to work for you so you let them work for free
Wiki User
∙ 10y ago
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Which type of economy provides the least incentive for companies and workers to improve?
command economy
All productive resources are government owned an controlled under what kind of economy?
Under a planned economy, all productive resources are government owned and controlled. This type of economy is also called a command economy.
Can economic decisions benefit consumers in a free enterprise economy than in a command economy?
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.
6 characteristics of the american economy?
The six characteristics of the American economy or little or no government, freedom of enterprise, private property, eminent domain, profit incentive and competition to keep prices low.
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
Why do workers in a command economy have less incentive to be productive than workers in a free enterprise system?
it means you should not pay people to work for you so you let them work for free
Which type of economy provides the least incentive for companies and workers to improve?
command economy
What kind of economy is Bulgaria traditional command or free enterprise?
Free enterpreunership
All productive resources are government owned an controlled under what kind of economy?
Under a planned economy, all productive resources are government owned and controlled. This type of economy is also called a command economy.
Can economic decisions benefit consumers in a free enterprise economy than in a command economy?
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.
What country has changed from a command economy to a free enterprise system?
Mrs. Lambs class ^ ??
What are the 6 characteristics of the united states economy?
Limited government Freedom of Enterprise Freedom of choice Profit incentive Private property Competition
6 characteristics of the american economy?
The six characteristics of the American economy or little or no government, freedom of enterprise, private property, eminent domain, profit incentive and competition to keep prices low.
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
Chinas economy is known as a what economy?
China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
What are monetary incentive?
monetary incentive is increase ammount of money in economy sector!
What are the five weaknesses of the command economy?
One disadvantage of a command system is that it is not designed to meet the wants of consumers, even though many basic needs are provided. A second disadvantage is that the system does not give people the incentive to work hard. A third weakness is that the command economy requires a large decision-making bureaucracy. Yet the fourth weakness of a command economy is that it does not have the flexibility to deal with minor, day-to-day problems. Finally, people with new or unique ideas find it difficult to get ahead in a command economy.
