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some similarities are that they both have producers and consumers, goods and services, and also money and labor.

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15y ago
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KAMARLEY LEWIN

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3y ago

They are both needed for the food chain to begin and end.😊

I am just 10 year old if you ask

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Q: What are some similarities between command and market economies?
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Related questions

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👙


Why are command economies less efficient the market economies?

the competition in the market economies encourages both qyality and low prices.


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


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 .


Which of these is a mixture of command and market economies?

capitalism


Is there a pure command and pure market economies?

no


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