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In a command economy, the government centrally plans and controls economic activities, which limits the scope for individual entrepreneurship. Resources, production, and distribution are managed by the state, reducing the incentives for private enterprise and innovation. As a result, individual entrepreneurs have little freedom to make independent business decisions or pursue new opportunities, making their role less significant in driving economic growth.
What else can I help you with?
Why is entrepreneurship important to a country economy?
it is importnt because it effects the job rate in this economy.
What All of these are found in a command economy EXCEPT?
In a command economy, resources and production are controlled by the government, which makes decisions about what to produce, how to produce, and for whom to produce. Market forces, such as supply and demand, play a minimal role. Therefore, the concept of private ownership and free market competition is typically absent. Anything that promotes individual entrepreneurship or market-driven pricing would not be found in a command economy.
Does entrepreneurship improves the quality of life?
Yes. Entrepreneurship is one of the most important tools that drives the economy forward, hence improving the lifestyle.
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 the most important effect that entrepreneurship has on the us economy?
Its because its huge for any economy and if more people were one the financial problem could be no more.
Why is entrepreneurship important to a country economy?
it is importnt because it effects the job rate in this economy.
Why is it important for an economy like the UK to encourage enterprise and entrepreneurship?
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Does entrepreneurship improves the quality of life?
Yes. Entrepreneurship is one of the most important tools that drives the economy forward, hence improving the lifestyle.
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
Importance of entrepreneur?
Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.
What is the most important effect that entrepreneurship has on the us economy?
Its because its huge for any economy and if more people were one the financial problem could be no more.
Why entrepreneurship is so important to your society?
Entrepreneurship is important beacause they organise, coordinate and manage all the other factors of production-land labour and capital, they take risk in aim of making a profit which is vital for a developing economy.
What is the role of entrepreneurship in the economy as a whole?
None
What is the importance of entrepreneurship?
TO GENERATE GREAT EMPLOYMENT OPPURTUNITIES.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Is Haiti a free market economy or a command 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 importance of group entrepreneurship?
The importance of group entrepreneurship is important because it provides the economy a solid boost based on the interests and entrepreneurial wishes or insights. Therefore, this makes the economy stronger, because it does not focus on a specific group, but on a set of different groups to pursue their dreams or aspirations.
