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The government answers the three economic questions in a command economy.
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Is when a central authority controls prices and production of goods and services?
A command economy
What does industrialized mean?
Industrialized can be defined as an economy that is based on manufacturing as opposed to an agricultural economy based on farmlands & farm products. The leading economic countries are industialized.
Define economic depression and name at least one example of one?
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
How will the Economic vision 2030 help Bahrain?
The Economic Vision Bahrain 2030 is a comprehensive economic vision for Bahrain that will give the guidance for continued development of the Kingdom's economy and to make it a better place for the nationals and expatriates.
What is the impact of fiscal policy?
Fiscal policy is used by governments to influence the level of aggregate demand in the economy, in an effort to achieve economic objectives of price stability, full employment and economic growth.
Who answers the three economic questions in command economy?
government
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
How are economic questions answered in a command economy?
discuss the basic economic problem?
Is China part of the command economy?
AnswerChina is no longer a command economy in that it has switched to market economic strategies in several of its sectors. Due to this, China is now a mixed economy.However, Saudi Arabia and Vietnam are some examples of a command economy. has also changed back in 2000
Who answers the key economic questions in a centrally planned economy.?
the government
What type of economy answers the three basic economic questions?
3 types of economic system
Under the command economy who decides the answer to the three questions the all economic systems must answer?
the people
Which economy answers the three basic economic questions with the phrase Do as we have always done?
Market
Which economy answers the three basic economic questions with the phrase Do as you have always done?
traditional
Which economy answers the 3 basic economic questions with the phrase do as you have always done?
hgh
Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
What combines the elements of pure economic systems?
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
