1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iren [92.7K]
3 years ago
8

How are traditional and market economies the same

Social Studies
2 answers:
Rama09 [41]3 years ago
7 0

Answer:

<h3> There are several similarities: Neither economy is based on "market forces" as we understand them today.... In a traditional economy, culture determines that only certain kinds of goods can be produced; in a command economy, the centralized authority determines production.</h3>
melisa1 [442]3 years ago
5 0
A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. ... 2 A market economy is a system where the laws of supply and demand direct the production of goods and services.
You might be interested in
Why did some people leave the Whig and Democratic parties and create the Free Soil party?
katovenus [111]

Answer: Here u go hope this works!!!! :D

Explanation: Some people left the Whig and Democratic parties and created the Free Soil party because the leaders of both parties did not want to speak out against slavery or else they would lose many Southerner's votes. ... So, the members of the Whig and Democratic parties started their own party called the Free Soil party.

5 0
3 years ago
Suppose that some investors have decided that economic and financial uncertainty have made the prospect of investing in domestic
Yanka [14]

Answer:

People are rational

Explanation:

Rational behavior is referred to in the decision-making process that is based on making choices that result in the optimal level of benefits and utility for individuals. The assumption of individuals' behaviors implies that people would rather be better than worse off. Most conventional theories are based on the assumption that all individuals taking part in action or activity are behaving rationally. The basic rationale behavior is also a key assumption of the rational choice theory, an economic principle that assumes individuals always make a prudent and logical decision that provides people with the greatest benefits or satisfaction. Rational behavior doesn't always require a [person to attempt in more returns. The optimal return for an individual may involve non-monetary returns and risk considerations.  

7 0
4 years ago
Compare the development of great Britain to the rest of Europe during this time. Why do you think other countries progressed mor
dalvyx [7]

Answer:

Britain was far more advance from other European countries.

Explanation:

The development like industrialization and advancement in society began first in Britain. The industrial revolution was possible in Great Britain because of the availability of iron ore and coal deposits. They had modernized transportation like canals which helped transport goods from one place to another. They brought materials to factories and finished products to markets.

7 0
3 years ago
If there are three or more populations, then it is
wlad13 [49]

Answer:

c. possible to test for equality of three or more population proportions      

Explanation:

The answer is ---

c. possible to test for equality of three or more population proportions.

When ever there is a  three or more than three populations, then it is possible to test for the equality for three or more than three population proportions using a chi-square tests.

A chi-square test can be used to determine the equality of population proportion for three or more than three populations. It is very versatile and an expand theory.

Hence the answer is

c. possible to test for equality of three or more population proportions.  

5 0
3 years ago
When the goal of the decision making exercise is to make a satisfactory decision because you are limited in some way such as tim
Pachacha [2.7K]

Answer:

b. the intuitive decision-making model.

Explanation:

The intuitive decision-making model refers to the ability to gather information that other individuals may miss, in other words it is called as the sixth sense. Something in your "guts" tell you which could be the satisfactory decision to make. This is utilized when we don't have much time to use analytics or facts in order to make a decision.  

In this example, when the goal of the decision making exercise is to make a satisfactory decision limited in time, you should utilize b. the intuitive decision-making model.

8 0
3 years ago
Other questions:
  • What is another name for the outer coastal plain?
    10·1 answer
  • Why did Benjamin Franklin's Albany Plan of Union fail?
    10·1 answer
  • Dave is driving down the street. If Dave steps on the brakes, what force slows his car?
    10·1 answer
  • When reviewing form 13614-c, you see the interest question is marked yes and the taxpayer gives you a form 1099-int. what should
    9·1 answer
  • Micah's preschool has a high teacher/child ratio and ample opportunity for creative expression. he has chosen to make dinosaurs
    7·1 answer
  • What powers did the House of Burgesses have?
    15·2 answers
  • .How can bystanders, or witnesses, contribute to Genocide?
    13·1 answer
  • The major source of Nigeria's revenue ​
    9·1 answer
  • THERE ARE 2 ANSWERS!!!!
    12·2 answers
  • Hii frnds......How r u?​
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!