All categories

3 years ago

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

Business

2 answers:

Alex787 [66]3 years ago

4 0

Correct answer choice is:

<h2>B. more government control over production.</h2><h3>Explanation:</h3>

A command economy is a regularity where the government, rather than the free market, decide what assets should be manufactured, how enormously should be manufactured and the amount at which the assets are allowed for trade. It also fixes finances and interests. The command economy is a fundamental characteristic of a communist nation.

<h2 />

ASHA 777 [7]3 years ago

3 0

When compared to a mixed-market economy, a command economy typically <u>has more government control over production</u>.

A command economy is a type of an economy system in which centralized government has bigger control over the economic system.
Mixed market economy is a type of economy that free of government interference with exceptions of crucial sectors such as defense and transport.

<h2>Further Explanation:</h2>

Economic system of a country refers to the manner in which resources that are scarce are distributed within the economy of that country.

<h3>Command economy </h3>

This is a type of economy in which a centralized power controls the bigger part of the economic system.
This type of economy creates a healthy supply of resources and rewards to people at prices that are affordable. Critical utilities such as aviation, railroads, etc. are owned by the government.
Therefore, personal ownership of property is prohibited in this type of economy.

<h3>Mixed-market economic system </h3>

It is a combination of command economic system and market economy.
The market in this case is less free of government interference with the exceptions of crucial areas such as defense and transport.
This type of economic system incorporates capitalist and socialist policies.

<h3>Other types of economy system</h3><h3>Market Economic system </h3>

This is a free market economy in which households and firms determine how resources are allocated and what goods are produced and who the buyers are.
There is a separation of the government and the market which prevents the government from becoming too powerful.

<h3>Traditional economic system </h3>

It is a type of economic system where a surplus is rare since each member has a more specific role. They system is closely associated to land through farming.
These type of economic system or societies are socially satisfied. However, this type of economic system lack access to technology and medicine.

Keywords: Economic system, Command economy, mixed market economy

<h3>Learn about</h3>

Economic system: brainly.com/question/11008356
Function of economic system: brainly.com/question/11008356

Command economy: brainly.com/question/11008356
Mixed market economy: brainly.com/question/11008356

Level; High school:

Subject: History

Topic: Economic system

You might be interested in

Supporting information and materials are important to public speaking because

lorasvet [3.4K]

<span>this will contribute to illustrate and strengthen your argument. Adding this supplementary materials will not only 'spice up' your speach but also demonstrate your proficiency of the issues you are talking about. For these reasons, the audience will regard you as a trustworthy person and more easily believe your statements.</span>

6 0

2 years ago

If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in disposable income, she will use _____

Hatshy [7]

Answer:D $750

Explanation:

This is a way an individual optimise his consumption and his savings habit for their future.

It has to do with the future of any individual and plans are made for the future.

An individual can plan to spend more now and save a little or spend a little now and safe for the future.

3 0

3 years ago

How do public relations and advertising differ?

lukranit [14]

Answer:

B. Advertising focuses on paying for time or space that allows advertisers to disseminate their organization's messages about its products and services; in public relations, credibility helps to earn media recognition.

Explanation:

Public relations involve the creation of a good reputation in society. In public relations, a business engages in activities that create good relations with consumers and the media. The media picks good deeds of the company and writes, thereby promoting the brand name of the business.

A significant difference between advertising and public relation is that advertisements are paid for while public relations is free. Public relations activities will include the business sponsoring publicized events such as sports and art concerts. Participating in charity work is also a way of creating a good reputation. The business benefits by getting an opportunity to promoting its brand name in these events.

7 0

3 years ago

In operations management, _____ means using resources to create value by providing customers with goods and services that offer

Bess [88]

<span>Operational management manages activities that are involved in creating value by producing goods and services and distributing them to customers.
</span>Effectiveness is a term used in operational management to describe using resources to create value by providing customers with goods and services that offer a better relationship between price and perceived benefits.

6 0

2 years ago

7. Gold Company has budgeted the following costs for the production of its only product: Direct Materials $75,000 Direct Labor 5

STatiana [176]

Answer:

$68 = unitary variable cost

Explanation:

Giving the following formula:

Gold Company wants a profit of $100,000

Production= 2,500 units

Selling price= $125

Fixed indirect production costs 27,500

Fixed selling and administrative costs 15,000

<u>To calculate the target total unitary variable cost, we need to use the following formula:</u>

number of units sold= (desired profit + fixed costs) / (selling price - unitary variable cost)

2,500= (100,000 + 27,500 + 15,000) / (125 - unitary variable cost)

312,500 - 2,500unitary variable cost = 142,500

170,000 = 2,500unitary variable cost

$68=unitary variable cost

3 0

3 years ago