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What is the similarities between micro and macro economics?
There are quite a number of similarities between micro and macro economics. Both are studies of different facets of the economy with micro-economy analyzing mechanism in the market and macroeconomics looking at government policies in the market among other things.
The economies of western European nations generally operate?
Under a free market
Is the South African economy classified as a command or market economy?
yes, South Africa is a Pure market economy
What is the market share of Bombay dyeing?
As per market info, they command 50% of the Indian Organized Retail Market share and growing at about 20% per annum.
Distinguish between rural market and urban market?
Rural market verses urban market?
How are market economies similar to command economies?
The similarities between command economy and market economy include the following: both have - producers, consumers, retailers, goods, services, prices, incomes, distribution, money, labor, capital, technology,
What are the econimes market and command?
what are command economies
What are Similarities between market and command economic systems?
Hi👙
What are the three main types of economies?
Command, traditional, and market economies
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
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
What are some similarities between market and mixed?
market economies use price mechanism to sove the prolems of economic choce .mixed economies also do the same facilitated by government interventions .
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
