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In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
Erica Lakin
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Consumers role in a mixed economy?
what is the role of a consumer in a mixed econmoy
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
System in which the central government makes all decisions on the production and consumption of goods and services?
mixed economy
Government that regulates and promotes businesses in a?
This situation is described as having a mixed economy. The government is neither in complete control nor completely hands-off.
How was agriculture a problem in the economy?
In the early 1900's many farmers were overproducing which meant they were flooding the economy with their goods. Farmers were then slowly decreasing the price of their goods so that the government had to intervene with groups such as The Agricultural Adjustment Act, which paid farmers not to farm. Agriculture was, back then, a major part of the economy.
What are the disadvantages of mixed economy in Nigeria?
The disadvantages of the mixed economy in Nigeria is that some unscrupulous businessmen are evading taxes. They import some goods which pose a danger to the locally produced goods.
In a mixed-market economic system who determines what products should be produced and how they should be produced?
In a command economy, also known as a planned economy, the government largely determines what is produced and in what amounts. In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.
It is a system whereby goods are produced and exchanged?
An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed.
What to produce mixed economy?
You should produce mixed goods in a mixed economy.
What to produce in mixed economy?
You should produce mixed goods in a mixed economy.
How are goods produced in a traditional economy?
It get produced in factories.
How do different societies decide what will be produced by whom will it be produced and for whom will it be produced?
In a free market economy, you the owner gets to chose who it is produced by, how it is produced and what is prdouced. In a command economy, the government chooses how it is produced, who it is produced by and what is produced. A mixed economy is mixed with command and free market.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What is the difference a free market economy and a mixed economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
What goods and services will be produced in command economy?
a good
In this type of economy the question of how many goods will be produced and supplies is not made by business?
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
In this type of economy the question of how many goods will be produced and supplied is not made by business?
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
