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Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What is meant by transition economies?
The economies which are converting from social market system to capital market system
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.
Why market economies are becoming popular around the world?
market economies are found in democratic forms of government
What kind of economy is most closely related to a democratic economy?
Democratic societies usually have free market economies.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What is meant by transition economies?
The economies which are converting from social market system to capital market system
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.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
What is the outline of the benefits of free market economies to owners of firms?
what does the free market economies benefits to owners
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
Why are most economies refered to as mixed economies?
poverty is always higest in countries with market economies
Does a truly free market exist in most democratic countries?
It depends on what you mean. 'Democratic' describes the political framework of a country, where market structures are a function of an economic approach. I'd think, though, that all developed countries, regardless of political ideology, use, for example, subsidies as a tool for moderating fluctuations in components within an economy, or to encourage development of new economies, such as agricultural ethanol, or alternative energy. Economies are incredibly complex, and so in a developed country, a truly free market these days would quickly disintegrate, much as would a truly democratic society.
