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What was the name of the book published in 1776 which attempted to describe a market economy?
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∙ 14y ago
The Truth about Economies
United State during the Civil war
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∙ 14y ago
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Define the 4 types of economies?
Command Economy- the gov owns everything so there is no private businesses, the buzz word is surplus and shortage Market economy is- private ownership/ entrepreneurship there are a variety/choice in goods. the buzz word is supply and demand Traditional economy- passed on generation to generation. Made enough to survive. The buzz word is bartering. the last economy is mixed which is a mix between command and market economy, the gov owns some businesses and the people own some businesses
Define informal economy?
The "informal economy" refers to economic transactions that occur outside of official notice. That is, the black market. Drug trades, sale of stolen goods, sale of copied DVDs, all that kind of unofficial stuff. That's the informal economy.
What is the synonym for economy?
saving, carefulness, providence, reduction, supervision, meanness, rollback, frugality
Free market inherently unstable?
no
What is fdm?
FDM stands for Food, Drug, Mass. It's used to describe a business channel which includes food stores, drug stores and mass market stores (Wal-Mart, Target).
What term used to describe a market economy?
Capitalist
What term is used to describe a market economy?
capitalistA+
Is it a good idea to write a childrens book in todays economy?
Write it, the economy is irrelevant. If it is published, it will find a market
What are the five features of your market economy?
There are five features that describe market economy. They are freedom of choice, motive of self-interest, competition, system of market and prices and limited government.
Why do economists describe the us economy as a mixed market economy?
Citizens have economic freedoms with some government regulation
What was the way after Mikael Gorbachev attempted to introduce a market economy?
private ownership of agriculture and industry.
What term describe an economy with more than one type of economic structure?
mixed-market
Compare the circular flow diagrams of a free market and mixed economy describe hoe they differ and why?
In a mixed economy, the government purchases land, labor,and capital from households in the factor market, and purchases goods and services in the product market.
What is Bolivia economy?
Market Economy.
Identify 3 sub environments of the business environment and briefly describe the effects of each of these sub environments on its business?
Free Market economy Command economy Mixed economy
Which countries have a market economy?
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.
Does China have a market economy?
No, china does not have a market economy!
