The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
Outside it's PPF.
PPF- product possibility frontier.
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
what is the history behind command economy
Outside it's PPF.
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
Reaching the PPF, Deciding which point on the PPF, How and how much to distribute to consumers
PPF- product possibility frontier.
A command economy is the same as a socialst or communist economy.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
what is the history behind command economy
Command Economy is an example of Dictatorship.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
North Korea has a command economy.