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3 years ago

How does a command economy work?

History

2 answers:

Svetlanka [38]3 years ago

6 0

Answer:

A command economy works in such a way that the head (usually a government, a body of officials, or a dictator) makes all the decision for those affected (the country's population, workers, etc.).

An example can be seen from the U.S.S.R, which used the command economy, in which Stalin and his officials told the people what they should produce and how much of it.

lidiya [134]3 years ago

3 0

Answer:

A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale. The command economy is a key feature of any communist society

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How would a grain sub-treasury affect the currency/ money issue for farmers

chubhunter [2.5K]

Answer:

Grain sub-treasury has multiple purposes or plans regarding the currency/ money issue for farmers. Some of the effect of grain sub-treasury on the currency/ money issue for farmers are as following:

Farmers were no more dependent on local merchant, grain elevator and other warehouses for money lending.
Because of grain sub-treasury farmers are now able to hold their crops for long to sell at better price.
Grain sub-treasury plan expand the amount of money in circulation.
Grain sub-treasury has increased the price of food or grains.

Hence, grain sub-treasury plan was beneficial for farmers.

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Sonbull [250]

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The steps in the PACED decision making model are

pentagon [3]

The steps in the PACED decision making model are define the problem, list alternatives, state criteria, evaluate alternatives, and make a decision.

Answer: Option A

Explanation:

Define the problem: Identify what the problem is finding out how to solve it precisely.

List alternatives: Possibilities, solutions for the problems. There can be hundreds of alternatives in solving a Problem, it can be realistic or unrealistic. It’s up to an individual to choose the fastest and the most effective solution.

State Criteria’s: Criteria’s helps in judging the problem. Hence, we can have as many criteria’s we want, again it’s up to an individual how many criteria. He / She want to choose to solve the Specific problem. It’s one of the important factors because it helps us to peek & judge our best criteria and alternatives for solving the problem.

Evaluate alternatives: Its where we take the criteria & evaluate all our alternatives.

Make decision: Here we will look at the evaluation, criteria & alternative and add up the total. We should choose the best alternative we have the most realistic & logical alternative should be chosen to make a correct & most potent decision.

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