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☆☆☆☆☆What type of Government is in control in a traditional,command and market economy?
Who controls the resources?
Distribution of goods and services?
Controls productions?
What are the negative affects on society?
Benefits to society for each form of economy?
His followers were called Marxist's, so his belief system would be called Marxism.
The Market(consumers... through their decisions) does it.
The United States economy is still best described as a mixed economy. It is considered thus because it involves the public, private, and international sector.
Failure to understand the basic definitions is perhaps the most frequent cause of difficulty or failure when studying economics.
No, It was Adam Smith
mixed market
The cost of an alternative that must be forgone in order to pursue a certain action. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone. Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice". The notion of opportunity cost plays a crucial part in ensuring that scarce resources are used efficiently.
George Gilder was born on 1939-11-29.
They are tiny
when will a cost benefit analysis be done
They became culturally different from one another.
People try to fulfill both with limited resources.
A person who buys a new laptop doesn't have money to buy new
headphones.
