All categories

3 years ago

Similarities between market an command economy

Social Studies

1 answer:

Dennis_Churaev [7]3 years ago

7 0

Answer:

Market economies and command economies occupy two polar extremes in the organization of economic activity. The primary differences lie in the division of labor, or factors of production, and the mechanisms that determine prices. The activity in a market economy is unplanned; it is not organized by any central authority but is determined by the supply and demand of goods and services. The United States, England, and Japan are all examples of market economies.

Alternatively, a command economy is organized by a centralized government that owns most, if not all, businesses and whose officials direct all the factors of production. China, North Korea, and the former Soviet Union are all examples of command economies. In reality, all economies blend some combination of market and command economies.

You might be interested in

A program in Curitiba, Brazil which pays bus tokens, surplus food, or school supplies for filled garbage bags is: A. Trash to Tr

butalik [34]

Answer: The answer is D). Garbage Purchase Program

Explanation: Lack of budget for a standard recycling plant lead Curitiba to initiate the Garbage Exchange Programme where complementary currencies are used to reward people for separating their organic and non-organic recyclable wastes and bringing them to waste stations, where they can be exchanged for bus tickets, food, and school-books.

7 0

3 years ago

Johannes Gutenberg printed a Bible on a press that used movable type with metal lettering in 1455, some 200 years after the ____

Hatshy [7]

The correct answer is Chinese

Explanation: This Chinese creation was very important and revolutionized the way information was passed, after the Chinese creation, the Englishman Johannes Gutenberg, created the official machine and this helped a lot the way things changed in society.

4 0

3 years ago

Read 2 more answers

Which of the following characterizes an MNE from a non-MNE? a. It enters foreign markets through FPI. b. It exports or imports w

iren2701 [21]

Answer:

d. It enjoys OLI advantages.

Explanation:

Multinational enterprises or multinational companies are the companies which carry out businesses in more than one country, It have its presence in more than one country.

Multinational enterprises are abbreviated as MNE and non multinational enterprises are abbreviated as non-MNE.

Organizations become multinationals enterprises because they will have benefit from organizational advantages, location advantages and internalization advantages.

Thus MNE enjoys the organizational, location and internalization advantages which non MNE does not.

Hence the answer is ---

d. It enjoys OLI advantages.

8 0

3 years ago

What was the most serious problem affecting agriculture in Washington in the 1920s and 1930s?

murzikaleks [220]

Answer:

o the effects of the drought

Explanation:

The most serious problem affecting agriculture in Washington in the 1920s and 1930s is the drought condition because drought condition decrease the productivity of the crop. Water is the main material needed by the plants to absorb nutrients and transportation of materials inside the plant body so decrease occurs in the productivity of crops due to unavailability of water for the crops is the most serious problem for agriculture in Washington.

5 0

3 years ago

This was the compromise reached by Northern and Southern States on

sukhopar [10]

Answer:

3/5th COMPROMISE

Explanation:

The Three-Fifths Compromise, Black Personhood, and Southern Representation. One issue that arose at the Constitutional Convention and almost derailed it was the issue of counting slaves for representation in Congress. ... The compromise reached was to count slaves as three-fifths of a person.

6 0

3 years ago