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!
Germany's islands china and korea
<span>Saul-successfully drove the Philistines out of Palestine
David-united the tribes</span>
Answer:
Some people view the Columbian Exchange as a great benfit with goods like gun, live stock, crops exchange between the old and new world, but other saw the deaths of the natives cause by disease like small pox.
Explanation:
In the early twentieth century, the country that produced the most industrial goods was the United States! This period of time is known as the Second Industrial Revolution.
