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
svetoff [14.1K]
3 years ago
11

What are some of the ways that people benefit from an economy that moves away from a command economy and more toward a socialist

or market economy?
History
2 answers:
Veseljchak [2.6K]3 years ago
8 0

The term "command economy" refers to an economy where the government determines what goods should be produced, how much of them should be produced and the price these goods should have. This is quivalent to saying that the government controls the whole economy. This is a common feature of communist regimes. On the other hand, a market economy is one where most aspects of the economy are determined by market pressures, and by the law of supply and demand. However, most market economies still have some level of government involvement.

Some of the ways in which people benefit from an economy that moves away from a command economy is that a market economy usually has more variety of products. This is because people are more interested to enter the market, as any product can become extremely successful if it is popular among customers. Moreover, this usually helps the problem of prices as the availability of options often provides similar items at many different price points. Finally, another benefit is the fact that, because market economies encourage competition, businesses that are inefficient usually fail, allowing better businesses to rise.

Advocard [28]3 years ago
3 0
Adam SchillerMoving from a command economy to a free market

A planned economy or as it more frequently know, a command economy is an
economy run by the state. The government controls, the type of goods/services being
made then allocates them, they have complete control over all resources. Command
economies are not consumer driven, supply and demand don’t factor in, instead the
government is responsible for providing service/goods that increase overall public
wealth. This does mean however that the economy is working on the basis that
everyone will pull their weight, individual gain does not come into a command
economy, it’s all about the good of the nation. Command economies typically have
more control over their people, allocating them jobs not truly based on skill level and
everyone’s pay is relatively the same, this equates to a fierier more equal economy. A
strong sense of Nationalism is what holds a command economy together, everyone
working together to fulfil the common goals of the nation, as all businesses are
nationalised everyone works for the state, which brings them together as a nation.

You might be interested in
More 7th grade social studies!
My name is Ann [436]

1. Nile River (Africa)

2.Yellow River (China)

3. Ganges (India)

4 0
3 years ago
Read 2 more answers
Why do voters act the way they do
Tanzania [10]
Mostly there ignorance to research who they are voting for.
6 0
3 years ago
Read 2 more answers
Why does new mexico have a varied climate
NeX [460]
It stretches along a long coastline
8 0
3 years ago
Give an example of both primary and secondary source of information. Which source is of information do you think is likely to be
bulgar [2K]

Answer:

Primary . Examples include interview transcripts, statistical data, and works of art

Secondary Examples include journal articles, reviews, and academic books.

Explanation:

6 0
3 years ago
Read 2 more answers
Did the Catholic reformation spread Catholicism around Europe and ultimately put an end to Protestantism
lozanna [386]

Answer:

In art history, the 16th century sees the styles we call the High Renaissance followed by Mannerism, and—at the end of the century—the emergence of the Baroque style.

Naturally, these styles are all shaped by historical forces, the most significant being the Protestant Reformation successful challenge to the spiritual and political power of the Church in Rome. For the history of art this has particular significance since the use (and abuse) of images was the topic of debate. In fact, many images were attacked and destroyed during this period, a phenomenon called iconoclasm.

Today there are many types of Protestant Churches. For example, Baptist is currently the largest denomination in the United States but there are many dozens more. How did this happen? Where did they all begin?

To understand the Protestant Reform movement, we need to go back in history to the early 16th century when there was only one church in Western Europe - what we would now call the Roman Catholic Church - under the leadership of the Pope in Rome. Today, we call this "Roman Catholic" because there are so many other types of churches (ie Methodist, Baptist, Lutheran, Calvinist, Anglican - you get the idea).

6 0
3 years ago
Other questions:
  • What are the pros and cons of having no rules/law?
    12·1 answer
  • How did African Americans influence northern life
    14·1 answer
  • Help me please becuase it is hard for me and I have. A learning disability
    9·2 answers
  • Cities and civilizations are recent inventions.
    8·1 answer
  • What ideas about government<br> united the people who signed the<br> Mayflower Compact?
    15·2 answers
  • Describe the Manhattan project ( codename of the operation in the Us to develop a nuclear weapon) and the eventual outcome/decis
    13·1 answer
  • Which artist was the focus of the first documented example of modern pop hysteria, the so-called columbus day riot of 1944?
    12·1 answer
  • How should the nation have responded to the growth of poverty in society?
    12·2 answers
  • Was the Mexican American war important to our role as world leader? Why or why not?
    12·1 answer
  • What is the oldest woodwind instrument?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!