some similarities are that they both have producers and consumers, goods and services, and also money and labor.
They are both needed for the food chain to begin and end.😊
I am just 10 year old if you ask
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.
Under a free market
yes, South Africa is a Pure market economy
As per market info, they command 50% of the Indian Organized Retail Market share and growing at about 20% per annum.
Rural market verses urban market?
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 command economies
Hi👙
the competition in the market economies encourages both qyality and low prices.
Command, traditional, and market economies
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
market economies use price mechanism to sove the prolems of economic choce .mixed economies also do the same facilitated by government interventions .
capitalism
no
The competition in market economies encourages both quality and low prices.
The competition in market economies encourages both quality and low prices.
Adam Smith