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Irina-Kira [14]
2 years ago
14

In a planned economy, which of the following does the job of market forces in

Social Studies
1 answer:
mojhsa [17]2 years ago
7 0

Answer:

A. the government

Explanation:

In the planned economy, the government control every factor of productions. All the resources that exist within the country are owned by the government. On top of that, the government also specifically controlled the type of economic activities that can and can't be done by the people.

This create a situation where people have no freedom to choose their careers, have no incentives to innovate and work harder, and have no ownerships of private property.

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A pharaoh is an Ancient Egyptian monarch. Embalming is the treatment of a human corpse to preserve it for the afterlife and prevent it from decay. Pharaohs were buried with their possessions so they could travel with them into the afterlife.

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Who was the first pharaoh to unite the upper and lower kingdoms of Ancient Egypt?​
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In the free-enterprise system of the United States, the government
timurjin [86]

The second alternative is correct.

In a market economy, where there is free entry and exit of firms, price is determined by the supply and demand of goods and services. In this case, the government does not act directly as a market player, but as a regulator, which must maintain the proper environment for companies to develop and compete the market through competition, ie price. Thus, consumers benefit. The government takes some economic decisions to favor the economic environment, for example to ensure that there is no agreement, but production decisions are only up to the companies, without intervention.

7 0
3 years ago
Read 2 more answers
Write down the key terms that match the following definitions.
tia_tia [17]
<h2>The following are the key terms matching their definitions: </h2>

Command Economy: A system where the government tells producers what and how to .

Planned Economy: An economic system run by the government.  

Socialist Regime:<u> </u>A system aimed at equality of wealth among its members.

Theory: An idea about how something should be organized.

Minimum Wage: The lowest hourly wage that can legally be paid to an employee.

Mixed Economy: A system that follows both free-market and command principles.

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3 years ago
What motivates countries to join regional trade blocs? removing barriers to trade protects from influence of foreign markets inc
nlexa [21]
Oftentimes it is "removing barriers to trade" that motivates countries to join regional trade blocs, since members of such "blocks" have completely free trade with one another. 
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