A market economy is an economy where most resources are owned and controlled by individuals and are allocated through voluntary market transactions governed by the interaction of supply and demand.advantages: Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money.
Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.
A large variety of goods and services are available as businesses try to differentiate themselves in the market.
Economic activity is encouraged because you need money to live and need to engage in economic activity (through employment or self-employment) to make money.
disadvantages: Environmental damage results with no government regulations because it's usually more expensive to produce in an environmentally sound manner, which reduces profits.
There tends to be a reduced social safety net, including such programs as unemployment insurance, Social Security, and Medicare, because these programs are supported through taxation.
command economy is one in which a centralized government controls the means of production. The government determines what is produced, how it is produced and how it is distributed. Private enterprise does not exist in a command economy. The government employs all workers and unilaterally determines their wages and job duties. There are advantages and disadvantages of command economy structures. Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
<span>El fundador del Imperio Neobabilónico, fue Nabopolasar, en el año 625 a. DO.
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First of all, it's important to understand what an unexpected expense is – and what it's not. There are some bills you don't have to pay every month, but these still don't count as unexpected. ... Quarterly property taxes or water/sewer bills. An auto insurance premium that comes due every six months.
<span><span><span><span>What
I learned:I
learned that approximately one in six adults over the age of 18 suffers from
panic disorders brought on by attacks of fear. Just by being afraid, other
bodily functions change, experiencing fear of merely perceiving it in others
improved peoples attention and brain skills.
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What
I know: I
already knew that the fear hot spot is the amygdala, an almond shaped, very
frightened people can withstand more pain than those hot experiencing fear.
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What
I want to know more about: I
would like to know more about the brain and why people become afraid.
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