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What can happen in a planned economy that does not happen in a market economy?
nothing much happens ...
Is England an planned economy?
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.
Would you expect new and better machinery and equipment to be adopted more rapidly in a market economy or in a centrally planned economy?
Market economy
What is one economy type?
There are 3 types. Market economy, Planned economy and Mixed economy (most common).
What economic characteristics does a centrally planned economy oppose that a market economy encourages?
Hhi
What is the similarities between micro and macro economics?
There are quite a number of similarities between micro and macro economics. Both are studies of different facets of the economy with micro-economy analyzing mechanism in the market and macroeconomics looking at government policies in the market among other things.
What can happen in a planned economy that does not happen in a market economy?
nothing much happens ...
Is England an planned economy?
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.
Would you expect new and better machinery and equipment to be adopted more rapidly in a market economy or in a centrally planned economy?
Market economy
What is one economy type?
There are 3 types. Market economy, Planned economy and Mixed economy (most common).
What economic characteristics does a centrally planned economy oppose that a market economy encourages?
Hhi
What is an example of mixed market economy?
Canada mixed Russia Planned USA market
What are the different types of market that exists now?
right there are market, planned, and mixed economies. the free market economy focuses on little to no government intervention whereas the planned economy is focused on central planning and full government controll. however it is said that no economy in the world is strictly market or planned, in fact all economies are to some extent mixed
What is Cuba's economy?
Cuba can be a market, command, or traditional economy. It is a socialistic economy.
What is a sentence with the words market economy?
In my opinion I prefer the free market economy.Because we live in a capitalistic democracy, I have grown accustomed to the market economy.I much prefer a market economy over a planned economy.
In a planned economy of the following does the job of market forces in order to determine the outcomes?
In a planned economy, the government does the job of market forces in order to determine the outcomes.
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
