0
Add your answer:
Earn +20 pts
Is the competition high or low in the mixed economy?
no
Is the level of competition high or low in traditional economy?
High
What is the level competition in a traditional economy?
In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.
What Is the level of competition high or low in a mixed economy?
A 'command economy' is also known as a central economy where all supply of goods and services is controlled by the government. Most of the assets are owned by the state and the state tries to forecast demand for all goods and services and then allocates available resources to meet this demand. The whole idea of the command economy is that there should be no competition which creates inequalities amongst the people and then you have to have businesses which is driven by the profit motive (which is considered immoral compared to the high ideals of communist/socialist regimes).
Is the level of competition high or low in the market economy?
It would be high cause everyone is "at war" with any and every business, thus competition would be very hard at work and their going for money and profits. This is my first answer on this website so no harshness please!
Is the competition high or low in the mixed economy?
no
Is the level of competition high or low in traditional economy?
High
Is the level of competition high or low in the economy?
It is high because everyone in the economy is trying to make money.
Is the level competition high or low in the command economy?
It is low
What is the level competition in a traditional economy?
In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.
What Is the level of competition high or low in a mixed economy?
A 'command economy' is also known as a central economy where all supply of goods and services is controlled by the government. Most of the assets are owned by the state and the state tries to forecast demand for all goods and services and then allocates available resources to meet this demand. The whole idea of the command economy is that there should be no competition which creates inequalities amongst the people and then you have to have businesses which is driven by the profit motive (which is considered immoral compared to the high ideals of communist/socialist regimes).
Is the level of competition high or low in the market economy?
It would be high cause everyone is "at war" with any and every business, thus competition would be very hard at work and their going for money and profits. This is my first answer on this website so no harshness please!
Pros and cons of mixed economy?
The major merit of a mixed economy is that the public is protected because the government is in charge of public services, and prices are low because of competition in the private sector. A major demerit is that taxes may prohibitively high in order to support government programs.
Describe competition level in India?
Competition level in India not high they just want simple things. They are looking to take care of mergers.
How would the Chinese economy be characterized?
china's economy is a centrally planned economy with a high level of government control
What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
