The type of economy dictates who makes the decisions about production and consumption.
Explanation:
There are multiple different economic types, with the most popular in the world being the market economy, mixed-market economy, socialist economy, and command economy. Some types of economy have the governments co control the businesses, thus all of the production, and in accordance to it they dictate what the consumers will be getting and at what price. On the other hand, some economic types allow freedom in the ownership of the businesses and what they produce, thus competition. This results in much greater choice for the consumers, and they choose the best and cheapest products.
- The command economy is an economy type where the government dictates the whole production and the whole consumption.
- The socialist economy is a transitional economy toward command one, where the government is the dominant force on the market, with small private business sector existing which is obligated to collaborate.
- The mixed-market economy is an economy type where the government is dictating only the production and consumption of the most important national resources, while the private business sector is allowed to operate, so the people are able to diced for the consumption for some things, and not for others.
- The market economy is an economy type where the private business sector dictates the production, there is lot of competition, and the consumers are the ones that decide what to buy and what not, thus influence the production of goods.
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How about the Lorillard Tobacco Company? It was founded in <span>1760, but it stopped working in 2015. </span>
Many Europeans had experienced the tyranny of monarchies in their own countries. The Patriots' war against George III inspired them. Lafayette and Pulaski may have also been moved by the ideas in the declaration of Independence. I hope this helps you
Answer:
Churchill became a member of the parliament in the year 1990 and was a famous parliamentarian. He was a spokesperson on the common and spoke mostly about the issues related to the colonies and the colonist. His ideology was based on that of his father's who criticized his own party and his opposition also.
Such actions and ideology were supported by the other members of the parliament. His one phrase that he had nothing to offer except blood, toil and sweat was very famous and he said this when he asked for the support of house of common in his new government.
Answer:
The Sugar Act reduced the rate of tax on molasses from six pence to three pence per gallon, while Grenville took measures that the duty be strictly enforced.
