Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency
While there are several advantages to a traditional economy, these economies are not without their disadvantages. Because these economies rely on hunting, fishing, gathering, and the land in the form of farming, when the weather changes, the economy becomes jeopardized
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions such as equal information and rational market participants cannot be achieved in practical application.
C. Weather and Climate.
(Will you please make me brainliest?)
I don’t know am sorry that I can help you hope you find the answer
The North American Free Trade Agreement had the most Impactful event in the history of United States during Clinton administrtation. This was the agreement between Mexico, Canada and the United States about the removal of barriers for excahnge of goods and services between these three countres.
A modern economy is an economy that is up to date on technology, government, and things like that. New York, La, Atl all these have modern economies.
