1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Angelina_Jolie [31]
3 years ago
11

Compare the ways in which command economics and market economics effect a workers life?

History
1 answer:
Serggg [28]3 years ago
6 0
Command Economies are typically bad when it comes to a person wanting to make a profit. They focus around (typically) economic equality and lack economic efficiency. Generally speaking, in a command economy, resources are allocated by a Central Planning Committee. This generally will lead to several shortages and/or surpluses in products since the demand/supply can be spontaneous.
Command=Bad

Market Economies are focused around making a profit and Economic Efficiency. Basically, people will be rewarded based on how well resources are allocated among the public. For example, take a parking lot like downtown. Generally in a Market economy, we focus on placing as many cars in the lot as possible and using the space to its full potential. However, in a Command, many in these economies will try to allocate the space so that (strictly for example) 3 small, 3 large, and 3 medium vehicles are parked- thus economic equality.
Finally, with a market economy, there tends to be less shortages and less surpluses, since we operate through the Laws of Supply and Demand in which an equilibrium price will be automatically established through buying and selling
Market=Good

Hope it Helps!
You might be interested in
Discuss the impact of the trans-Alantic Slave trade between West Africa and the americas
Ymorist [56]

The Atlantic slave trade or transatlantic slave trade involved the transportation by slave traders of enslaved African people, mainly to the Americas. The slave trade regularly used the triangular trade route and its Middle Passage, and existed from the 16th to the 19th centuries. The vast majority of those who were enslaved and transported in the transatlantic slave trade were people from central and western Africa, who had been sold by other West Africans to Western European slave traders, who brought them to the Americas. The South Atlantic and Caribbean economies especially were dependent on the supply of secure labour for the production of commodity crops, making goods and clothing to sell in Europe. This was crucial to those western European countries which, in the late 17th and 18th centuries, were vying with each other to create overseas empires.

5 0
3 years ago
Which advancement in science most contributed to the successful colonization of Africa by European powers in the late 19th centu
konstantin123 [22]

Answer: Steam power, which lead to steam powered ships helped European forces colonize Africa.

Explanation:

Steam Powered ships aren't the only thing though, and I think they're kinda tied in 1st place with guns for "Scientific advancement that most helped Europeans colonize Africa". I think-- I could be wrong, but I'm pretty sure-- they had machine guns at that point. Let me just double check that so I don't mess you up.

Yup! They had the maxim machine gun which "allowed Europeans to wipe out Africans in battle after battle."

Jeez. That whole time period was so messed up

3 0
3 years ago
(A, B, C, or D Answer Choice.)
marin [14]

the answer is B.) Offering medical care for all Americans affected by war or other conflict

6 0
3 years ago
Question 2<br> Which of the following countries has the least freedom to do business?
BaLLatris [955]

Answer:

China

Explanation:

7 0
2 years ago
Read 2 more answers
Two books are used to model tectonic plates​
Fed [463]

Answer:

hey..

Two books are used to model tectonic plates. The type of boundry represented by the two books is a (_) boundry.

a.convergent. b.divergent.

Hope it is helpful for u.

3 0
3 years ago
Read 2 more answers
Other questions:
  • What new religious order founded by ignatius loyola stemmed out of the counter-formation
    6·1 answer
  • How did the roman catholic church and the orthodox church differ in their view on the relationship of church and state?
    15·1 answer
  • Who painted the image above?
    7·2 answers
  • Which structure is found only in animal cell?
    6·1 answer
  • True or False: During the nineteenth and early twentieth centuries, immigrants from predominantly Catholic countries faced open
    10·2 answers
  • How did egypt drive out of its nation
    8·2 answers
  • How is the Free Exercise Clause of the First Amendment best described?
    13·1 answer
  • Which of the following conditions gave rise to European fascist dictatorships following World War I? O A. Many people moved to t
    5·1 answer
  • Why did the United States begin fighting in World War II?
    15·2 answers
  • Which of the following is an opinlon about the "Illad?"
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!