Who answers the three economic questions in a command economy
Asked by admin @ in Social Studies viewed by 276 People
Who answers the three economic questions in a market economy? How is this different from a command economy?
Answered by admin @
1.The one who answer the three economic questions in free market system is the Free Enterprises.
- What to produce
- For whom we produce it
- How to produce it.
All of these questions would be analyzed by the free enterprise based on the demand and supply in the market, so they could come up with appropriate product that they could turn into profit.
2. The difference is that in a command economy, the Government is the one that answers all three questions.
In a command economy, the Government obtain total control on all the resources in the country, so private citizens basically do not have any say in all economic matters.
Similar Questions
Who answers the three economic questions in a traditional economy
Asked by admin @ in History viewed by 297 persons
There are three basic economic systems: traditional economies, command economies, and market economies. For EACH economy describe how the three basic economic questions are answered:
1. What should be produced? …
Who answers the three economic questions in a mixed economy
Asked by admin @ in Business viewed by 308 persons
In a mixed economy who answers the three economic questions
- consumers
- the government
- producers
- both A and B
In a market economy who answers the three basic questions
Asked by admin @ in Social Studies viewed by 282 persons
Who answers the three economic questions in a market economy? How is this different from a command economy?
What are the three basic questions all economies must answer
Asked by admin @ in History viewed by 274 persons
Economies must answer the three economic questions because resources
Each society answers the three basic economic questions based on
Asked by admin @ in Business viewed by 323 persons
The three economic questions that every society must answer are
A. What goods will be produced, how will they be produced, and who will receive the goods?
B. What are …
What is the role of the three questions of economics
Asked by maham237 @ in Business viewed by 391 persons
One of the three economic questions deals with deciding
Asked by maham237 @ in Mathematics viewed by 311 persons
How did the king get answer to his three questions
Asked by admin @ in English viewed by 299 persons
Briefly explain the answer the king got to his three question . Making these answers your base , comment on the importance of present moment in our life .(about 80-100 …
One of the three main questions of economics addresses who should
Asked by wiki @ in History viewed by 307 persons
One of the three main questions of economics addresses who should : produce goods and services. market goods and services. receive goods and services. distribute goods and services.
The jewish ten commandments answer which of the following questions
Asked by maham237 @ in History viewed by 440 persons
A.how and when did God create the universe?
B.where should the Jewish people build a new society?
C.how should a person be punished for stealing?
D.how should people treat God …
The purpose of government in a command economy is to
Asked by admin @ in History viewed by 268 persons
What is the role of the government in a command economy
The government makes all economic decisions
The government allows private ownership of resources
The government gives individuals the power …
What type of economic growth do most developed economies experience
Asked by admin @ in Geography viewed by 416 persons
What type of economic growth do most developed economies experience?
rapid growth unpredictable growth moderate growth slow growth
What is an economic activity answer in one sentence
Asked by admin @ in Business Studies viewed by 345 persons
Answer in one sentence.1) What is an Economic Activity?2) What is Non-economic Activity?3) What do you mean by Wholesale Trade?4) What is the meaning of Retail Trade?5) What do you …
A true story of sea turtles questions and answers
Asked by admin @ in English viewed by 466 persons
2.2 A True Story of Sea Turtles
*** Warming up! .It is our world, too!1. Observe the following photographs. What is common amongot hersare all …
The wind and the sun story questions and answers
Asked by admin @ in English viewed by 504 persons
Question and Answer of the chapter The wind and the sun
Most viewed questions in Social Studies
What is the world's saddest candy math worksheet answer key
Asked by maham237 @ in Social Studies viewed by 4129 persons
What does the plastic wrap represent in the natural world
Asked by maham237 @ in Social Studies viewed by 1993 persons
From a coaching perspective what does providing immediate feedback prevent
Asked by maham237 @ in Social Studies viewed by 1908 persons
What has research shown about processing subliminal messages?
Asked by wiki @ in Social Studies viewed by 1757 persons
Would the colonist practice lumbering if there were no forest around
Asked by ana6128W @ in Social Studies viewed by 1308 persons
Which historical account of social security is more accurate
Asked by maham237 @ in Social Studies viewed by 1163 persons
Which of the following statements about drive theory is incorrect
Asked by maham237 @ in Social Studies viewed by 1135 persons
529 plans are sponsored by all of the following except
Asked by maham237 @ in Social Studies viewed by 1108 persons
_______when you are approaching a blind curve to warn others that cannot see you coming.
Asked by wiki @ in Social Studies viewed by 1073 persons
Equipment must have the recommended operating speeds rated load capacities
Asked by maham237 @ in Social Studies viewed by 1050 persons
A typical glass of wine contains about 21 grams of alcohol. consider a 101-pound woman, with approximately 6 liters (6000 milliliters) of blood, who drinks two glasses of wine. complete parts (a) and (b) below. a. if all the alcohol were immediately absorbed into her bloodstream, what would her blood alcohol content be?
Asked by maham237 @ in Social Studies viewed by 1007 persons
Which situation is the best example of effective political advocacy
Asked by admin @ in Social Studies viewed by 998 persons
Aggressive drivers__________two to four times more people than alcohol-impaired drivers.
Asked by wiki @ in Social Studies viewed by 996 persons
Expressways have expressway entrance lanes
Asked by maham237 @ in Social Studies viewed by 988 persons