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What else can I help you with?
How does each society determine who will consume what is produced?
Societies determine who will consume what is produced through various systems such as market economy, command economy, traditional economy, or mixed economy. In a market economy, pricing and consumer demand play a significant role in allocation. In a command economy, the government decides on distribution. Traditional economies follow customs and traditions, while mixed economies combine elements of both market and command systems.
An increase in the riskiness of a particular security would NOT affect?
An increase in the riskiness of a particular security would not affect the market risk premium, as it is determined by overall market conditions and not specific to individual securities.
What is a production determined by individuals and private groups?
A production determined by individuals and private groups is referred to as a market economy. In this system, decisions about production, consumption, and investment are guided by individuals and businesses operating in a competitive market environment rather than by government intervention.
What is South Korea's economy based on?
South Korea's economy is based on manufacturing, particularly electronics, automobiles, shipbuilding, and petrochemicals. It also has a strong technology sector, with companies like Samsung and LG dominating the global market. Additionally, South Korea has a strong focus on exports, with its economy heavily reliant on international trade.
How can price be determined in a free market economy?
Price in a free market economy is determined by the interaction of supply and demand. When demand for a product exceeds supply, prices tend to rise. Conversely, when supply exceeds demand, prices tend to fall. This price mechanism helps allocate resources efficiently based on consumer preferences and production costs.
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
What is the difference between a free market and communist economy?
In a capitalist economy, production is determined by free market forces such as supply and demand. In a communist economy, the government determines which goods and services get produced and how much is available at any given time. Hope it helps!
Is china a free market economy?
No. it should be under mixed market economy
What is the difference in job security under a communist states a free market economy?
your job is probably safer under a communist state than a capatilist economy.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
Is Angola a free market economy?
It is an oil based Communist State.
Does US have a command economy?
No, the US has a market economy a result of its capitalist policies, command economies can be found in communist countries.
What is the difference between a market economy and a mixed economy?
In a mixed economy, there are more government regulations.
Why china shifted to market economy?
Student Protests and the only other major communist economy, the Soviet Union, collapsed in 1991.
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
What is the difference between the mixed market economy and the pure market economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
“ What is the difference between a pure market economy and a mixed-market economy “?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
