Compare and contrast centrally planned economies and free market economies

Asked by maham237 @ 26/05/2021 in History viewed by 262 People

2. Using examples of land, labor, and capital, explain why economists believe that all goods and services are scarce.

Answered by maham237 @ 26/05/2021

1. A free market economy is an economy which the government plays a small role in. A centrally planned economy is quite the opposite with the government has control over the production of goods and the land there produced on.

2. because our needs and wants are unlimited and always greater than our resource supply; goods and services are made from resources that are scarce.

hope this helps you!

When compared to a mixed-market economy, a command economy typically has

Asked by wiki @ 14/11/2020 in History viewed by 450 persons

When compared to a mixed-market economy, a command economy typically has more private ownership. more government control over production. strong consumer-buying power. a greater chance for a high income.

Which most strongly drives producers in a free market economy

Asked by maham237 @ 26/04/2021 in Business viewed by 492 persons

In a free-market system, producers are most strongly driven by which of the following? O A. Government planning. B. The profit motive C. Coercion D. Utility satisfaction.

Why are free market economies able to attain economic growth

Asked by maham237 @ 01/12/2020 in History viewed by 314 persons

A. Consumers can purchase all the goods they need, which causes firms to produce more. B. Competition encourages innovation, which causes growth. C. Everyone is acting in their own self-interest, …

How is the government involved in a centrally planned economy

Asked by admin @ 29/10/2021 in History viewed by 271 persons

A centrally planned economy is _____. an economic system that has no government involvement always the most efficient economic system a form of free enterprise with minimal government involvement an …

What are the advantages a market economy offers producers? (there is more than one answer) a: minimal government intervention b: property rights c: monopoly of bigger companies d: free advertising for small businesses e: free labor

Asked by maham237 @ 13/01/2021 in History viewed by 878 persons

What steps must countries take to transition to a mixed-market economy? check all that apply.

Asked by maham237 @ 25/12/2020 in History viewed by 565 persons

What steps must countries take to transition to a mixed-market economy? Check all that apply. They must establish state-owned businesses. They must decrease private ownership. They must establish a fair …

In a transitional economy, a.................... economy is changing to a mixed-market economy.

Asked by maham237 @ 01/12/2020 in Social Studies viewed by 309 persons

advanced command free-market developed

Write two paragraphs to compare and contrast the narrators’ schools and explain how their schools shape their perspectives toward the hijab. cite evidence from the text to support your ideas.

Asked by evette57 @ 13/09/2022 in History viewed by 1732 persons

Compare and contrast banquo and macbeth's reactions to the witches

Asked by admin @ 04/12/2021 in Social Studies viewed by 349 persons

) Interpret How does Macbeth react to the witches? How does Banquo react? (b) Compare and Contrast What are the differences and similarities in their reactions?

Compare and contrast k selected species and r selected species

Asked by admin @ 26/11/2021 in Biology viewed by 324 persons

What is the difference between a k- and r-strategist species?

In a market economy who answers the three basic questions

Asked by admin @ 26/11/2021 in Social Studies viewed by 287 persons

Who answers the three economic questions in a market economy? How is this different from a command economy?

What is the role of prices in a market economy

Asked by admin @ 26/11/2021 in Business viewed by 312 persons

What is the role of prices in a market economy? a Indicating the cost of a good. b Indicating how valuable a good is. c Indicating the profit that a …

The midnight ride of paul revere compare and contrast answers

Asked by admin @ 23/11/2021 in English viewed by 307 persons

Excerpt from "Paul Revere's Ride" by Henry Wadsworth Longfellow Paul Revere was an express rider who, on April 18, 1775, was charged with delivering a message and alerting communities about …

How to write a thesis statement for compare and contrast

Asked by admin @ 23/11/2021 in English viewed by 382 persons

How to write a thesis statement for a compare and contrast essay?

Example of a compare and contrast essay between two books

Asked by admin @ 22/11/2021 in English viewed by 491 persons

40 POINTS!!!!!! PLEASE HELP!!!!!! Writing a Compare-and-Contrast ESSAY about Presentation of ideas Prompt Write a compare-and-contrast analysis to compare the way two different texts present similar ideas.