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tankabanditka [31]
2 years ago
6

2 points

History
1 answer:
Orlov [11]2 years ago
6 0

Answer:

2 point lang haha jk astig ako

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I need help! it’s due tomorrow morning!!
Tresset [83]
An economic system in which private business operates in competition and largely free of state control.
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3 years ago
What are the advantages and disadvantages of a command economy. In your opinion, should America adopt this system? Explain your
inessss [21]

Answer:

Answer is in explanation

Explanation:

In a command economy, 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. Some advantages can be less inequality because the government controls the means of production in a command economy, it determines who works where and for how much pay. This power structure contrasts sharply with a free market economy, in which private companies control the means of production and hire workers based on business needs, paying them wages set by invisible market forces. Low Unemployment Levels, Unlike the invisible hand of the free market, which cannot be manipulated by a single company or individual, a command economy government can set wages and job openings to create the unemployment rate and wage distribution that it sees fit. Disadvantages can be Lack of Competition Inhibits Innovation, Critics argue that the inherent lack of competition in command economies hinders innovation and keeps prices from resting at an optimal level for consumers. Although those who favor government control criticize private firms that esteem profit above all else, it is undeniable that profit is a motivator and drives innovation. At least partly for this reason, many advancements in medicine and technology have come from countries with free market economies, such as the United States and Japan. Inefficiency, Efficiency is also compromised when the government acts as a monolith, controlling every aspect of a country's economy. The nature of competition forces private companies in a free market economy to minimize red tape and keep operating and administrative costs to a minimum. If they get too bogged down with these expenses, they earn lower profits or need to raise prices to meet expenses. Ultimately, they are driven out of the market by competitors capable of operating more efficiently.

4 0
3 years ago
Which of the following issues was included in the Constitution of the Confederate States of America?
kramer

Answer:

india

Explanation:

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Compare the industrialization of Japan to China.How are the different
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Despite their geographical proximity, Japan and China are very different countries, with unique historic, political and social features. While China is one of the largest communist countries in the world, Japan is a – rather open – parliamentary constitutional monarchy.

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President Trump was born on June 14, 1946.
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