3. A Command Economy differs from the other economic systems because it is central authority that makes the major decisons about what, how and for whom to produce.
4. Market economies tend to be more efficent than traditional or command economies because people can make their own decisions.
6. Market economies are more innovative than either traditional or command economies because they are able to adjust to change gradually,they have a lack of government interference and decentralized decision making.
3. Since in a comand economy a central authority makes major economic decisions, dramatic changes can occur in a short period of time. Moreover, it tends to control health, education, and other public services. However, other economic systems such as a market economy is able to adjust gradually, and there is not a lot of govrrnment interference. 4. Market economies tend to be more efficient than traditional and comand economies because there is usually a lack of progress, and individual initiative in traditional and comand economies. 6. Market economies are more innovative than other economic systems beacuse there is a high degree of individual freedom which allows for progress to take place. When people are free to spend their money on any good or service they choose, they will usually invest in either themselves, an education, or other buissness.
3. A Command Economy is an economy in which production, investment, prices, and incomes are determined centrally by a government. 4. A Market Economy tends to be an economy that relies chiefly on market forces to allocate goods and resources and to determine prices. 5. Market economies are more innovative than either traditional or command economies because it gives more freedom and more leeway to the people that doesn't constrict what we people want to do with their money or business.
3) The characteristics of a tradional economy are: making econmic desicions, health and education. The main strenth of a tradional economy is that everyone whos what role to play...
4) Advantages of a command economy are: it can change direction in a very short time, and the enphasize of heavy industry, health and public services are available. Disadvantages of a command economy are: doesnt meet the wants of customers, doesnt give the people the incent to work hard, and it requires a large descison making bureaucracy.....
6) Market economys have people and firms acting in their own interusts to answer the three questions and peoples decisions act as votes....
3. Command Economies are entirely Government controlled. An example of one would be a communist community. The Government is in control of production and incomes, like a dictatorship. 4. Market economies are economies that allow people to sell whatever they want to sell and set their own wages as opposed to the government doing it like in a Command Economy. 6. Market economies are more successful than command economies because in market economies people are able to sell what they enjoy selling and can earn a generally reasonable amount of money from it. If the people are forced to do something they don't want to do they might not perform as well.
3.Is a central authority make the major decisions about what, how, and for whom to produce. It can be headed a king, a dictator, a president or anyone else who makes the major economic decisions. 4.Market ecomonies tend to be more efficient than traditional or command economies because traditional economies tend to discourage new ideas and new ways of doing thing, while the markets economies are more open to change. 6.Market economies are more innovative because they are more open and willing for change where as the other economies are more strict and unwilling to change their ways.
3. A command economy differs from other economic systems because is lead by political leaders who make economic decisions.
4. Market economies tend to be more efficient than traditional or command economies because they discourage new ways of doing things and other kinds of markets are more open to change.
6. Market economies are more innovative than either traditional or command economies because because market economies are open for change because people make decisions based on their own interests.
3. The characteristics of a traditional economy are scarce resources that are stemmed from ritual habit or customs. People are not free to make their own decisions and the roles of people are passed down from generation to generation.
4. Market economies are more efficient then the other two economies because you buy and sell things on the spot and money keeps on circulating.
6. An example of economic activity from traditional economy would be many of the African countries which use agriculture as their main basis for growing food and for jobs. Some Asian countries, such as Bangladesh and Burma also rely on farming as their main way for both employment and for producing food for the family and the nation.
3. Characteristics of a traditional economy are custom and tradition. The economic system in which resources are given by inheritance, has a strong social network and is based on technology and methods.
4. Some advantages of a command economy are, the government ensuring a more equal distribution of income and wealth. Essential goods/services provided to the community. The government can determine which goods are produced. Disadvantages would be there is little consumer choice. Consumers will have little say in what is provided directly by the state. Little variety of goods and services. Loss of individual freedom
6. An example of economic activity from traditional economy would be many of the African countries which use agriculture as their main basis for growing food and for jobs. Some Asian countries, such as Bangladesh and Burma also rely on farming as their main way for both employment and for producing food for the family and the nation.
3)A command economy differs from other economic systems because the government controls all aspects of a command economy. There is very little freedom in a command economy because it is all government regulated business with government approved rules.
4)Market economies tend to be more efficient because it brings buyers and sellers together in one place. Market economies have a great deal of freedom and consumers can spend their money on whatever they please. Therefore telling producers what consumers really want.
6) Market economies are more innovative than both traditional and command economies because market economies have the utmost freedom thus creating more opportunities in sales. Market economies adjust over time as well as find the best methods of production.
3. A command economy differs from the other economic systems since it is a central authoritative leader that makes the major decisions about What, How, and For Whom to produce. 4. Market economies tend to be more efficient than traditional and command economies because its run by the people. Unlike the market economy, the command is ran by one person who probably does not care about the people's ideas or interest. 6.Market economies are more innovative than traditional and command economies because it run upon the people's interest. Also, with entrepreneurs, new businesses can be added to the market. Market economies leave room for change.
3.A command economy is when supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed. 4.A market economy system distributes resources based only on the interaction of market forces, such as supply and demand.This makes it more efficent because people can make their own choices about what they want to buy and produce. there are little to no restrictions on what you have sell and produce. 6.Market economies tend to be more efficient than traditional and command economies because, Market economy offers much higher rewards for innovation.Market economies can adjust over time making methods of production higher.
3. A command economy differs from the rest because in a command economy because a central authority makes the major decisions about what, how, and to who to produce.
4. Market economies are more efficient then the other two economies because you buy and sell things on the spot and money keeps on going.
6. Market economies are more efficient than the other economies because there is individual freedom for everyone and they can compete with each other while selling objects, so the market can be able to change frequently.
3. A command economy is different from any other economy because the government rant he economy and gave the people absolutely no say in what happened.
4. Market Economy is more efficient than the other two because money is always being moved around. People play a major role in the economy and things are always being bought and sold.
6. Market economies is better than other economic systems beacuse there is a large amount of individual freedom which allows for progress to take place. When people are allowed to spend their money on any good or service, they will usually invest in things.
3. A command economy is totally different from other economies because it's an economy where supply and price are regulated by the government rather by the market. The government decides which goods and services are produced and how they are distributed.
4. A market economy is an economy in which decisions are made based on investments, production and distribution which are based on supply and demand.
6.Market economies are more efficient compared to the other types of economies such as traditional or command economies because a market economny can be changed and gives more freedom to people who want to spend their money.
3. Characteristics of a traditional economy are customs and traditions. The economic system in which resources are given by inheritance, has a strong social network and is based on technology and methods.
4. Advantages of a command economy: the government ensuring a more equal distribution of income and wealth, essential goods/services provided to the community, the government can determine which goods are produced. Disadvantages would be: there is little consumer choice, consumers will have little say in what is provided directly by the state, little variety of goods and services, and loss of individual freedom
6. An example of economic activity from traditional economy would be many of the African countries which use agriculture as their main basis for growing food and for jobs. Some Asian countries, such as Bangladesh and Burma also rely on farming as their main way for both employment and for producing food for the family and the nation.
3. In a command economy the government controls prices, supplies, and most of what goes on. It's mostly seen in a dictatorship because it's easier to control.
4. Market economies tend to be more efficient because the people are allowed to decide what to buy and sell. So that the whole society is content with what is going on, and there is always room for change.
6. A market economy is innovative because it adapts to change gradually and is far more flexible than any other economy because the people decide what they want to buy or sell. So that when societies wants change, the products can change with them.
3.In a traditional economy people used scarce resources,which is diffrent from other another as well as giving people no say for anything.
4.The advantages of a command economy are that able to change in short time and offer services to the public that others dont. The disadvantages for a command economy are that its does not help the consumer as much as it hurts them.
6. Third world counties could be an example since they countinue to build and do thing that they did throughout history. These countries dont use thing that our economy does and is using what has worked for them.
3. A command economy is different from other types of economic systems, because in a command it controls all types of production and the decisions that are made.
4. A market is more efficient then the other economies. It is one that people can begin their own businesses, sell or buy any type of items.
6. A market economy is more innovative, because it allows both the buyers and the sellers to come together so that they can have an exchange of some sort. A market also allows the people to give and get whatever they want.
3. A command economy is completely controlled by the government, and the consumers lack what they want and need, but traditional and market economies are less influenced by the government, and people get exactly what they need.
4. Market economies tend to be more efficient than the others because individuals can look out for themselves, and fulfill both their wants and needs. There is a lack of an overpowering government, so that the individuals themselves can work how they want, and get what they want without being unsatisfied.
6. A market economy is more innovative because compared to traditional and command economies, it can change and grow with new ideas, while still giving individuals freedom to make their own decisions.
3.A command economy is different from other economic systems due the the fact that it is controlled by a central authority. They decide what, how and for whom to produce. A command economy can be headed by a king, a dictator, a president, or anyone else who makes the major economic decisions. Where as a market economy has people make decisions in their own best interests. Traditional economic systems are not generally free to make decisions based on what they want or would like to have but have roles based by customs of ancestors.
4. Market economies tend to be more efficient than traditional or command economies because people are free to spend their money on almost any good or service they choose. They are also free to decide where and when they want to work, or if they want to invest further in their own education and training. Market economy also has a variety of goods and services, and a high degree of consumer satisfaction.
6. Market economies are more innovative than either traditional or command economies because of the market economies adjustments over time due to different changes. A Traditional economy discourages new ideas and new ways of doing things. They abide strict roles in a traditional society. A command economy ignores basic wants and needs of consumers. They have a large decision making bureaucracy and this slowed down decision making.
3-The command economy relies on a central authority to make all economic decisions. examples of governments that have pure command economy are n.korea, cuba and the former soviet union. 4-In a market economy the people make decisions in their best interest. A market economy is based on capitalism. Examples of governments that have a market economy are united states, s.korea, australia and great britian. 5-Market economies are more innovative tahn traditional or command because it has individual freedom for everyone, there is no government interference and there is a high degree of consumer satisfaction.
3. A command economy differs from other economic systems because in a command economy, the government has control of the money, wages, hours they work, etc. The command economy is similar to Communism. 4. Market economies tend to be more efficient than traditional or command economies because traditional economies discourage new ideas and new ways of doing things, command economy is in control by the government, but in market economies, one has control of prices and selling what they want. 6. Market economies are more innovative than traditional and command economies because it runs on the people's interest.
3. A command economy is run by the government, because the government wants control of everything including money. T3T 4. Market economies are normally more efficient than other economies because everyone has their own control of their own products and prices and everything. When people have economic liberty they tend to be more successful. 6. Market economies are more original because everyone has a different idea (except some people that are copying fakers). Traditional and command economies are all going to be the same because generally they are all run by the same base. Different people have new "innovative" ideas, so the market economies and more flavorful and innovative and interesting.
3. a command economy differs from other economic systems because it has a central authority that makes major decisions about what, how and for whom to produce.
4. Market economies tend to be more efficient than traditional or command economies because people make decisions in their own best interest.
6. market economies are more innovative than either traditional or command economies because it involves an arrangement that allows buyers and sellers to come together to exchange goods and services. And it could be in a physical location or not such as the Internet. No matter the form it can exist as long as a mechanism is in place for buyers and sellers to meet.
1A command econmy controlled by the government and is different from an economic system because in a command economy people have no say in how their business is run and all the profits go to the government 2Market economy is when everyone has control of their business and its is also based on capitalism and takes the interestd of all people and not just the government. 3Compare to a traditional and command economy a market economy is because it deals with the people and their ideas.
3.A command economy is differnt from other economic systems because the central authority makes all major decisions and controls everything. 4.Market economies are more efficient than traditional or command economies because in the market economies people make their own decisions on what method they want to produce things, and for whom they would want to produce for. 6.Market economies are more innovative because they a like the newest economy. You have more freedom, you may buy and sell to other countries .
3. A Command Economy differs from the other economic systems because it is central authority that makes the major decisons about what, how and for whom to produce. 4.Market economies are more efficient because the people are allowed to decide what to buy and sell. And the whole society is happy with what is going on, and there is always room for change. 6.market economies are more innovative because it runs on the people's interest.
1. A Command Economy is when the government makes the decisions about what to produce and how to produce it. 2. Market economies are normally more efficient than other economies because everyone has their own control of their own products and prices. 3. You have more freedom in a market economy and is based on supply and demand.
2.A command economy is when the central government is in direct control of the economy. 4.Market economies are usually more efficient because the people control the economy 6.They are more innovative because people have freedom to do whatever they want with the money they have earned.
3) A command economy is when the government is in control of everything that the economy produces. 4) A market economy are the most efficient of other economies, mainly because each individual has freedom to control their own products and prices. 6)Market economies are more innovative because they are more focused on the consumer's interest.
3. a command economy is an economic system in which activity is controlled by a centeral authority and the means of production are publicly owned
4. a market economy is capitalistic economy in which there is a free competition and prices are determined by the interaction of supply and demand
6. market economies are more innovative because it is based on the concept that the people are free to make their own choices about what services and products to purchase. overtime market economies would gradually change
3.A command economy is when the government has complete say as to what happens, and things can change dramatically. 4.A Market economy is a capitalistic economy, where there is more competition and the government is much less involved. 6.Market economy is more innovative because it changes as the general population changes, as people slowly want one thing all the companies start to slowly produce a different product.
3. A Command Economy differs from the other economic systems because it is central authority that makes the major decisons about what, how and for whom to produce.
ReplyDelete4. Market economies tend to be more efficent than traditional or command economies because people can make their own decisions.
6. Market economies are more innovative than either traditional or command economies because they are able to adjust to change gradually,they have a lack of government interference and decentralized decision making.
3. Since in a comand economy a central authority makes major economic decisions, dramatic changes can occur in a short period of time. Moreover, it tends to control health, education, and other public services. However, other economic systems such as a market economy is able to adjust gradually, and there is not a lot of govrrnment interference.
ReplyDelete4. Market economies tend to be more efficient than traditional and comand economies because there is usually a lack of progress, and individual initiative in traditional and comand economies.
6. Market economies are more innovative than other economic systems beacuse there is a high degree of individual freedom which allows for progress to take place. When people are free to spend their money on any good or service they choose, they will usually invest in either themselves, an education, or other buissness.
3. A Command Economy is an economy in which production, investment, prices, and incomes are determined centrally by a government.
ReplyDelete4. A Market Economy tends to be an economy that relies chiefly on market forces to allocate goods and resources and to determine prices.
5. Market economies are more innovative than either traditional or command economies because it gives more freedom and more leeway to the people that doesn't constrict what we people want to do with their money or business.
3) The characteristics of a tradional economy are: making econmic desicions, health and education. The main strenth of a tradional economy is that everyone whos what role to play...
ReplyDelete4) Advantages of a command economy are: it can change direction in a very short time, and the enphasize of heavy industry, health and public services are available.
Disadvantages of a command economy are: doesnt meet the wants of customers, doesnt give the people the incent to work hard, and it requires a large descison making bureaucracy.....
6) Market economys have people and firms acting in their own interusts to answer the three questions and peoples decisions act as votes....
3. Command Economies are entirely Government controlled. An example of one would be a communist community. The Government is in control of production and incomes, like a dictatorship.
ReplyDelete4. Market economies are economies that allow people to sell whatever they want to sell and set their own wages as opposed to the government doing it like in a Command Economy.
6. Market economies are more successful than command economies because in market economies people are able to sell what they enjoy selling and can earn a generally reasonable amount of money from it. If the people are forced to do something they don't want to do they might not perform as well.
3.Is a central authority make the major decisions about what, how, and for whom to produce. It can be headed a king, a dictator, a president or anyone else who makes the major economic decisions.
ReplyDelete4.Market ecomonies tend to be more efficient than traditional or command economies because traditional economies tend to discourage new ideas and new ways of doing thing, while the markets economies are more open to change.
6.Market economies are more innovative because they are more open and willing for change where as the other economies are more strict and unwilling to change their ways.
3. A command economy differs from other economic systems because is lead by political leaders who make economic decisions.
ReplyDelete4. Market economies tend to be more efficient than traditional or command economies because they discourage new ways of doing things and other kinds of markets are more open to change.
6. Market economies are more innovative than either traditional or command economies because because market economies are open for change because people make decisions based on their own interests.
3. The characteristics of a traditional economy are scarce resources that are stemmed from ritual habit or customs. People are not free to make their own decisions and the roles of people are passed down from generation to generation.
ReplyDelete4. Market economies are more efficient then the other two economies because you buy and sell things on the spot and money keeps on circulating.
6. An example of economic activity from traditional economy would be many of the African countries which use agriculture as their main basis for growing food and for jobs. Some Asian countries, such as Bangladesh and Burma also rely on farming as their main way for both employment and for producing food for the family and the nation.
3. Characteristics of a traditional economy are custom and tradition. The economic system in which resources are given by inheritance, has a strong social network and is based on technology and methods.
ReplyDelete4. Some advantages of a command economy are, the government ensuring a more equal distribution of income and wealth. Essential goods/services provided to the community. The government can determine which goods are produced.
Disadvantages would be there is little consumer choice. Consumers will have little say in what is provided directly by the state. Little variety of goods and services. Loss of individual freedom
6. An example of economic activity from traditional economy would be many of the African countries which use agriculture as their main basis for growing food and for jobs. Some Asian countries, such as Bangladesh and Burma also rely on farming as their main way for both employment and for producing food for the family and the nation.
3)A command economy differs from other economic systems because the government controls all aspects of a command economy. There is very little freedom in a command economy because it is all government regulated business with government approved rules.
ReplyDelete4)Market economies tend to be more efficient because it brings buyers and sellers together in one place. Market economies have a great deal of freedom and consumers can spend their money on whatever they please. Therefore telling producers what consumers really want.
6) Market economies are more innovative than both traditional and command economies because market economies have the utmost freedom thus creating more opportunities in sales. Market economies adjust over time as well as find the best methods of production.
3. A command economy differs from the other economic systems since it is a central authoritative leader that makes the major decisions about What, How, and For Whom to produce.
ReplyDelete4. Market economies tend to be more efficient than traditional and command economies because its run by the people. Unlike the market economy, the command is ran by one person who probably does not care about the people's ideas or interest.
6.Market economies are more innovative than traditional and command economies because it run upon the people's interest. Also, with entrepreneurs, new businesses can be added to the market. Market economies leave room for change.
3.A command economy is when supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
ReplyDelete4.A market economy system distributes resources based only on the interaction of market forces, such as supply and demand.This makes it more efficent because people can make their own choices about what they want to buy and produce. there are little to no restrictions on what you have sell and produce.
6.Market economies tend to be more efficient than traditional and command economies because, Market economy offers much higher rewards for innovation.Market economies can adjust over time making methods of production higher.
3. A command economy differs from the rest because in a command economy because a central authority makes the major decisions about what, how, and to who to produce.
ReplyDelete4. Market economies are more efficient then the other two economies because you buy and sell things on the spot and money keeps on going.
6. Market economies are more efficient than the other economies because there is individual freedom for everyone and they can compete with each other while selling objects, so the market can be able to change frequently.
3. A command economy is different from any other economy because the government rant he economy and gave the people absolutely no say in what happened.
ReplyDelete4. Market Economy is more efficient than the other two because money is always being moved around. People play a major role in the economy and things are always being bought and sold.
6. Market economies is better than other economic systems beacuse there is a large amount of individual freedom which allows for progress to take place. When people are allowed to spend their money on any good or service, they will usually invest in things.
3. A command economy is totally different from other economies because it's an economy where supply and price are regulated by the government rather by the market. The government decides which goods and services are produced and how they are distributed.
ReplyDelete4. A market economy is an economy in which decisions are made based on investments, production and distribution which are based on supply and demand.
6.Market economies are more efficient compared to the other types of economies such as traditional or command economies because a market economny can be changed and gives more freedom to people who want to spend their money.
3. Characteristics of a traditional economy are customs and traditions. The economic system in which resources are given by inheritance, has a strong social network and is based on technology and methods.
ReplyDelete4. Advantages of a command economy: the government ensuring a more equal distribution of income and wealth, essential goods/services provided to the community, the government can determine which goods are produced. Disadvantages would be: there is little consumer choice, consumers will have little say in what is provided directly by the state, little variety of goods and services, and loss of individual freedom
6. An example of economic activity from traditional economy would be many of the African countries which use agriculture as their main basis for growing food and for jobs. Some Asian countries, such as Bangladesh and Burma also rely on farming as their main way for both employment and for producing food for the family and the nation.
3. In a command economy the government controls prices, supplies, and most of what goes on. It's mostly seen in a dictatorship because it's easier to control.
ReplyDelete4. Market economies tend to be more efficient because the people are allowed to decide what to buy and sell. So that the whole society is content with what is going on, and there is always room for change.
6. A market economy is innovative because it adapts to change gradually and is far more flexible than any other economy because the people decide what they want to buy or sell. So that when societies wants change, the products can change with them.
3.In a traditional economy people used scarce resources,which is diffrent from other another as well as giving people no say for anything.
ReplyDelete4.The advantages of a command economy are that able to change in short time and offer services to the public that others dont. The disadvantages for a command economy are that its does not help the consumer as much as it hurts them.
6. Third world counties could be an example since they countinue to build and do thing that they did throughout history. These countries dont use thing that our economy does and is using what has worked for them.
ReplyDelete3. A command economy is different from other types of economic systems, because in a command it controls all types of production and the decisions that are made.
4. A market is more efficient then the other economies. It is one that people can begin their own businesses, sell or buy any type of items.
6. A market economy is more innovative, because it allows both the buyers and the sellers to come together so that they can have an exchange of some sort. A market also allows the people to give and get whatever they want.
-juliann albian
3. A command economy is completely controlled by the government, and the consumers lack what they want and need, but traditional and market economies are less influenced by the government, and people get exactly what they need.
ReplyDelete4. Market economies tend to be more efficient than the others because individuals can look out for themselves, and fulfill both their wants and needs. There is a lack of an overpowering government, so that the individuals themselves can work how they want, and get what they want without being unsatisfied.
6. A market economy is more innovative because compared to traditional and command economies, it can change and grow with new ideas, while still giving individuals freedom to make their own decisions.
3.A command economy is different from other economic systems due the the fact that it is controlled by a central authority. They decide what, how and for whom to produce. A command economy can be headed by a king, a dictator, a president, or anyone else who makes the major economic decisions. Where as a market economy has people make decisions in their own best interests. Traditional economic systems are not generally free to make decisions based on what they want or would like to have but have roles based by customs of ancestors.
ReplyDelete4. Market economies tend to be more efficient than traditional or command economies because people are free to spend their money on almost any good or service they choose. They are also free to decide where and when they want to work, or if they want to invest further in their own education and training. Market economy also has a variety of goods and services, and a high degree of consumer satisfaction.
6. Market economies are more innovative than either traditional or command economies because of the market economies adjustments over time due to different changes. A Traditional economy discourages new ideas and new ways of doing things. They abide strict roles in a traditional society. A command economy ignores basic wants and needs of consumers. They have a large decision making bureaucracy and this slowed down decision making.
3-The command economy relies on a central authority to make all economic decisions. examples of governments that have pure command economy are n.korea, cuba and the former soviet union.
ReplyDelete4-In a market economy the people make decisions in their best interest. A market economy is based on capitalism. Examples of governments that have a market economy are united states, s.korea, australia and great britian.
5-Market economies are more innovative tahn traditional or command because it has individual freedom for everyone, there is no government interference and there is a high degree of consumer satisfaction.
3. A command economy differs from other economic systems because in a command economy, the government has control of the money, wages, hours they work, etc. The command economy is similar to Communism.
ReplyDelete4. Market economies tend to be more efficient than traditional or command economies because traditional economies discourage new ideas and new ways of doing things, command economy is in control by the government, but in market economies, one has control of prices and selling what they want.
6. Market economies are more innovative than traditional and command economies because it runs on the people's interest.
3. A command economy is run by the government, because the government wants control of everything including money. T3T
ReplyDelete4. Market economies are normally more efficient than other economies because everyone has their own control of their own products and prices and everything. When people have economic liberty they tend to be more successful.
6. Market economies are more original because everyone has a different idea (except some people that are copying fakers). Traditional and command economies are all going to be the same because generally they are all run by the same base. Different people have new "innovative" ideas, so the market economies and more flavorful and innovative and interesting.
This comment has been removed by the author.
ReplyDelete3. a command economy differs from other economic systems because it has a central authority that makes major decisions about what, how and for whom to produce.
ReplyDelete4. Market economies tend to be more efficient than traditional or command economies because people make decisions in their own best interest.
6. market economies are more innovative than either traditional or command economies because it involves an arrangement that allows buyers and sellers to come together to exchange goods and services. And it could be in a physical location or not such as the Internet. No matter the form it can exist as long as a mechanism is in place for buyers and sellers to meet.
1A command econmy controlled by the government and is different from an economic system because in a command economy people have no say in how their business is run and all the profits go to the government
ReplyDelete2Market economy is when everyone has control of their business and its is also based on capitalism and takes the interestd of all people and not just the government.
3Compare to a traditional and command economy a market economy is because it deals with the people and their ideas.
3.A command economy is differnt from other economic systems because the central authority makes all major decisions and controls everything.
ReplyDelete4.Market economies are more efficient than traditional or command economies because in the market economies people make their own decisions on what method they want to produce things, and for whom they would want to produce for.
6.Market economies are more innovative because they a like the newest economy. You have more freedom, you may buy and sell to other countries .
3. A Command Economy differs from the other economic systems because it is central authority that makes the major decisons about what, how and for whom to produce.
ReplyDelete4.Market economies are more efficient because the people are allowed to decide what to buy and sell. And the whole society is happy with what is going on, and there is always room for change.
6.market economies are more innovative because it runs on the people's interest.
Elijah Vazquez
1. A Command Economy is when the government makes the decisions about what to produce and how to produce it.
ReplyDelete2. Market economies are normally more efficient than other economies because everyone has their own control of their own products and prices.
3. You have more freedom in a market economy and is based on supply and demand.
2.A command economy is when the central government is in direct control of the economy.
ReplyDelete4.Market economies are usually more efficient because the people control the economy
6.They are more innovative because people have freedom to do whatever they want with the money they have earned.
3) A command economy is when the government is in control of everything that the economy produces.
ReplyDelete4) A market economy are the most efficient of other economies, mainly because each individual has freedom to control their own products and prices.
6)Market economies are more innovative because they are more focused on the consumer's interest.
3. a command economy is an economic system in which activity is controlled by a centeral authority and the means of production are publicly owned
ReplyDelete4. a market economy is capitalistic economy in which there is a free competition and prices are determined by the interaction of supply and demand
6. market economies are more innovative because it is based on the concept that the people are free to make their own choices about what services and products to purchase. overtime market economies would gradually change
3. a command economy is an economic system in which activity is controlled by a centeral authority
ReplyDelete4. a market economy is capitalistic economy in which there is a free competition and prices are determined by the interaction of supply and demand
6. market economies are more innovative because its main focus isnt just the product but they want to focus on whos consuming it.
3.A command economy is when the government has complete say as to what happens, and things can change dramatically.
ReplyDelete4.A Market economy is a capitalistic economy, where there is more competition and the government is much less involved.
6.Market economy is more innovative because it changes as the general population changes, as people slowly want one thing all the companies start to slowly produce a different product.