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What else can I help you with?
What are the econimes market and command?
what are command economies
Which factor contributed to the collapse of command economies in communist countries at the end of the 20th century?
Answer this question… They were much less efficient at producing goods than Western free market economies.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
Which of these is a mixture of command and market economies?
capitalism
Does US have a command economy?
No, the US has a market economy a result of its capitalist policies, command economies can be found in communist countries.
What are the econimes market and command?
what are command economies
Which factor contributed to the collapse of command economies in communist countries at the end of the 20th century?
Answer this question… They were much less efficient at producing goods than Western free market economies.
What are the three main types of economies?
Command, traditional, and market economies
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
Is there a pure command and pure market economies?
no
Which of these is a mixture of command and market economies?
capitalism
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Who was one of the first proponents of employing market economies instead of command economies?
Adam Smith
What does it mean to have a mixed economy?
you have a combination of command and market economies
