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Two countries with market based economies?
There are several countries that have a market based economies. France and England are two countries that have this type of economy.
Market economies have been characterized by?
occasional instability of employment and price levels.
What needs and wants are hard to answer for Government intervenes in market economies?
Money makes is hard to determine what needs and wants people can afford. The government has difficulty intervening in market economies because financial situation vary greatly.
Why did Stephen Douglas want a transcontinental railroad?
because he wanted to unify the industrial north and the agricultural south more than they were, so it would discourage further secession of southern states. by trying to link their economies by the railroad, it would be harder for the south to secede since it would be dependent on the north's market, and in turn the north would be dependent to get its raw materials from the south.
Who created market economy?
government and people created market economy . Because government decide the market price . But sometimes people make their own market prices to get more money.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What is meant by transition economies?
The economies which are converting from social market system to capital market system
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
What is the outline of the benefits of free market economies to owners of firms?
what does the free market economies benefits to owners
What are the four basic economic systems around the world?
There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
Why are most economies refered to as mixed economies?
poverty is always higest in countries with market economies
What are the three main types of economies?
Command, traditional, and market economies
Are most economies today are purely free market economies?
False
