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cricket20 [7]
3 years ago
8

Explain socialism's "calculation problem".

History
2 answers:
geniusboy [140]3 years ago
8 0

Answer:

The economic calculation problem is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by Friedrich Hayek.

irina1246 [14]3 years ago
6 0

Answer:

The economic calculation problem is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by Friedrich Hayek.

Explanation:

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The great war sparked by this bosnian asssassin
Ilia_Sergeevich [38]

Answer:

yea is did.

Explanation:

8 0
3 years ago
Read 2 more answers
A carpenter purchased 70 ft of redwood and 80 ft of pine for a total cost of $351. A second purchase, at the same prices, includ
notsponge [240]

Hey there!!


Let us take the cost of 1 feet redwood as ' x '


Let us take the cost of 1 feet pine as ' y '


For the first scenario :


70 ft red wood and 80 ft pine


1 feet redwood - $x


70 feet redwood - $70x


1 feet pine - $y


80 feet pine - $80y


Total = $351


70x + 80y = 351 --------------------------------- ( 1 )  


Second scenario :


1 feet redwood - $x


100 feet redwood - $100x


1 feet pine - $y


60 feet pine - $60y


total - $420


100x + 60y = 420 ----------------------- ( 2 )


Now let us get both the equations together :


70x + 80y = 351 ------------- ( 1 )


100x + 60y = 420 ------------- ( 2 )


Now let us multiply the  the 1st equation with 3 and the 2nd equation with 4


3 ( 70x + 80y ) = 3 ( 351 )


4 ( 100x + 60y ) = 4 ( 420 )


............................


210x + 240y = 1053


400x +  240y = 1680


...........................


Now let us subtract the first equation from the second ...


400x + 240y = 1680


- ( 210x + 240y ) = - ( 1053 )


......................


190x = 627


dividing by 160 on both sides


x = 627 / 190


x = 3.3


The cost for 1 feet or per foot for the redwood is $3.3


Now substitute the value of x in any given given equation and find out y


I will substitute in the 1st equation


70x + 80y = 351


70 ( 3.3 ) + 80y = 351


231 + 80y = 351


Subtracting by 231 on both sides


80y = 351 - 231


80y = 120


dividing by 80 on both sides


y = 120 / 80


y = 1.5


The cost for 1 feet or per foot for the pine = $1.5


The answers - $3.3 ( redwood ) ; $1.5 ( pine )


Hope my answer helps!


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4 years ago
10)
ipn [44]

Answer:

The answer is c) a bill of rights would be established.

3 0
2 years ago
Why were there so many strikes by U.S. workers during World War
olga nikolaevna [1]

Because during the world war a lot  of workers were not happy the low pay.

7 0
3 years ago
In 1946 Stalin placed tight restrictions on countries in the?
Monica [59]

Answer:

Eastern bloc

Explanation:

In 1946 Stalin placed tight restrictions on countries in the "EASTERN BLOC"

The purpose of placing tight restrictions is to control the area following the aftermath of world war II. He was able to do this by using the Soviet Union red army to control the activities of the countries in Eastern Bloc such as Poland, East Germany, Albania, Bulgaria, Yugoslavia, Romania, Czechoslovakia, and Hungary.

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