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How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
Which of these is closest to a pure command economy?
communism
Why is there less economic growth with a command economy?
There is no motive to expand the economy in a command economy, whereas there are investors, changing demands, and prerogatives to improve production in a capitalist economy because of the competition that is lacking in a command economy.
Would the production-possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
What government decides the production and distribution of goods?
command economy
What is a pure command economy?
Its when you are in command to do something the gov. Tells you to.
How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
Which of these is closest to a pure command economy?
communism
In a what does the government controls production?
Command economy
Why is there less economic growth with a command economy?
There is no motive to expand the economy in a command economy, whereas there are investors, changing demands, and prerogatives to improve production in a capitalist economy because of the competition that is lacking in a command economy.
Would the production possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
Would the production-possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
What government decides the production and distribution of goods?
command economy
What are the factors of production in a command economy?
the government dose
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
What is economy command?
Command Economy is all major decisions related to the e production, commodity and service prices are all made by the goverment.
What is an economy where government owns all production and industry?
Command Economy.
