Workers would lose job security and guaranteed incomes.
Who gives a f**k. Nobody cares about the economy. If you do you are a ho**
No, the UK is a Market economy. A market economy is one in which in which the prices of goods and services are determined by supply and demand.
Typically, one person or a small group of people in the government would make the decisions.
There is this guy who is spaming me because I'm putting up bad markets. Anyway it's a command economy because I eat cheese. He he he see where he's coming from eh?
17. Conduct research to find examples of countries that have changed from a command economy to a market economy. What kind of changes did the country need to make?
The government places much emphasis on the production of consumer products.
A Mixed economy is an economy that is both a planned and free enterprise economy.This means is has both STATE CONTROLLED economies and also PRIVATE OWNERSHIP economies. These 2 are commonly found the Caribbean, such as Barbados or Cuba for example. Free Enterprise is practically self explanatory. It if the economic system for people who own their own businesses such as shops.
The Controlled economy is well obviously controlled by the STATE but this usually affects larger companies and businesses.
North Korea has a command economy.
that they developing
see link below
I think it is now, allowing companies to keep profits to an extent that they didn't allow before and so forth.
A planned economy is also known as a command economy, and it is designed by a central governmental authority. It is a type of socialist economy, and it currently exists in North Korea, Laos, and Cuba.
ownership- all of the countries factors of production are own by the government
objectives- consumers, workers and the government are all assumed to be working for the common good.
competion - very little or not at all.
the planning system - this is an extra characteristic of the comand economy.as the government runs the system,they have the job of planning how all the resources should be used.the government provides the solution for the central economic problem
china is centrally planned economy its means that all the things in china are occupies by china government. they will decide what to produce, where to produce, how to produce it also decides that in which quantity they has to produce the thing.
A command economy can be referred to as a:
A command economy was used in communist countries. Examples are the former Soviet Union, North Korea, the People's Republic of China, and Cuba.
India has a mixed economy in that there is private property and companies that produce products for the benefit of profit.
There are many business regulations in India, this combined with the above places India as a mixed economy country.
Its aim to produce all goods and services that are demanded by the citizen (and often beneficial to them) using the least amount of resources (efficient.)
the most extreme example of a centrally planned economy are china,hongkong,cua and north korea
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.