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. The community has no say in it at all.
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. Market economies are more innovative than the other economies because there is individual freedom for everyone and they can compete with each other while selling objects,n so the market is able to change frequently.
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. Advantages of command economy are that it can change direction drastically,The soviet union went from a farmer society to an industrial nation in a few decades. Health and public services are available a little or no cost. Disadvantages are that the government ignores basic wants and needs of consumers and they control their lives.
6. An example of economic activity from traditional economy are the native Americans and Northern Canada, how the parents teach and bring up their kids in their environment, such as hunting and fishing and making their own weapons and products. This activity is important for the economy because their are little uncertainties of what, how and for whom to produce. It saves a lot of money and time.
3. A Command Economy is when the government is the central authority that makes the major decisons about what, how and for whom to produce.
4. Market economies allow people to start whatever business they want or to go into any profession. Market economies promote individual initiative and competition.
6. Market economies are more innovative than command economies because market economies allow people to start their own business and go into whatever profession they choose as opposed to a command economy, where all aspects of the economy are controlled by the government. Market economies promote individual initiative
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. The characteristics of a traditional economy are that is sets economic roles for all members of the community. Characteristics include: life is stable, predictable, and continuous.
4. Advantages of a command economy are many basic education, public health services are available with little or no cost. Disadvantages are that new and different ideas are discouraged, does not meet wants and needs of consumers, and lack effective incentives to get people to work.
5. Advantages of a market economy are lack of government interference, individual freedom, and a large variety of goods and services. Disadvantages are that workers and businesses face uncertainty as a result of competition and change, and do not produce enough public goods such as defense, universal education, or healthcare.
3. A command economy differs from the other economic systems because in a command economy a central authority makes the major decisions about what, how, and for whom to produce.
4. Market economies tend to be more efficient than traditional or command economies because in market economies people make decision in their own best interest. Its characterized by a great deal of freedom, people can spend their own money on products they want most.
6. Market economies are more innovative than other either traditional or command economies, because market economies allow people to be exposed to new cultures and inventions. Market economies buy , sell, and trade with other counties.
3) In a command the central government controls all means of production. There is no freedom among consumers or sellers, creatig a stagnant market. Other economic systems like a market economy have a lot more freedom and competition.
4) Market economies are far more useful because the best products and services are offered due to competition. With the freedom to spend money however a person wants, the economy is greatly effected in a good way.
6) The innovation of the market economy is how people have the freedom to use and spend their money how ever they want. The market economic system is more effective in todays world, making it more "innovative".
3.A command economy differs 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 market economies people make their own decisions on what they think is best,choose what method they want to produce things, and for whom they would want to produce for.
6.Market economies are more innovative because they are the newest kind of economy, it lets you have more freedom, you may buy and sell to other countries or you don't if you do not want to.
3) A command economy differs from the other economic systems in that it has much more control over how the economy flows, where the money goes, how much money is given to the people, what kinds of jobs there are, etc. And because it has so much control over the economy, this also gives the government (who runs the command economy) total dominance over the lives of the people.
4) Market economies have a tendency to be more efficient than a command or tradition economy because in a market economy anything can happen, any kind of business can be created and any kind of rules can come with it. There's total freedom for market economies which can help the economy flourish with the creation business and by how much money is spent by the people (whereas a command economy tells people how to spend their money).
6) Market economies are more innovative because with a market economy it's not the same old rules and regulations of what kind of business can be created, how much can be spent, etc. (like a command economy). In this kind of an economy any business can be created, any amount of money can be spent, the total freedom of the market making it much more advanced than other kinds of economies because new things can happen everyday.
3. A command economy differs from the other economic systems because no one really have any freedom and cannot make their own decisions because their is central authority. Everyone nor anyone is allowed to open a business that may please or have interest in them.
4.Market economies are more efficient than traditional or command economies because it operates through supply and demand.
6. Market economies are more innovative because it's the only economy with full freedom. A market economy is not controlling and have one person controlling everything (what comes in, what goes out, what business to open, etc.) like a command economy.) Capital flows to where it will get the greatest return, expanding the total size of the economy to its maximum level. In a market economy, it is easier for someone with initiative to create a better life for themself and their family.
3. A command economy differs from other economies because the government has complete control over the flow of the economy. They control how much, for whom and what to produce. It can be controlled by a president, dictator or a king. This limits people's individual freedom. Other econonmies will allow people to make their own economic decisions.
4. Market economies are more efficient then traditional or command economy because it allows people to have complete economic freedom. They can start their own buisnesses and spend their money however they want.
6. A market economy would be more innovative since people are not limited to spend money. They can start buisnesses and produce more advanced products. You can act upon your new ideas instead of being forced to follow the old traditional economic ways.
3. A command economy is where central authority makes major decisions abut what, how, for whom to produce. It is is dictatorship. A mixed economy is a mix between command and market it is less strict in telling you what to do, you have more freedom
4. In a market economy people make decisions in their best interest. It is a great deal of freedom. People can spend their money on the products they want most, which is like casting dollar "votes" for those products
6. Market economies are more innovative because it allows more freedom. Businesses are free to find the best production methods when deciding How to produce. The income that consumers earn and spend in the market determines FOR WHOM to produce.
3) Command economy is a central idea authority makes the major decisions about WHO, HOW, and FOR WHO. It can be lead by a king, a dictator,a president, or anyone else who makes the major economic decisions.
4) market economies tend to be more efficient than traditional or commanded oniony because people have money to do whatever they please and competition is involved.
6) market economies are more innovative than traditional and command economies because the people have much more freedom to do certain things like buying and ceilings products in certain areas
Shniece Archer 3. A command economy is very different from the rest because a central authority makes the major decisions about what, how, and to who to produce. The community has no say in anything that occurs in it.
4. Market economies are more efficient then the other two economies because you buy and sell things fluently and money will continue to flow.
6. Market economies are more innovative than the other economies because there it allows people to be free so they can compete with other people to sell or produce different products so the market can change.
3. A Command Economy is when the government is the central authority that makes the major decisions about what, how and for whom to produce.
4. Advantages of a command economy are many including public health services are available with little or no cost, and basic education. Disadvantages are that new and different ideas are discouraged, does not meet wants and needs of consumers, and lack effective incentives to get people to work.
6.Market economies are more innovative because they are the newest kind of economy, it lets you have more freedom, you may buy and sell to other countries or you don't if you do not want to.
3. A command economy is what the central government that makes the decison on who what and how to produce a good. 4. Advantages of a command economy is basic education, health services, but disadvantages are little consumer choice. 6. Market economies have more of an advantage because it contorls what to produce.
3. A command economy differs from the other economic systems because in a command economy a central authority makes the major decisions about what, how, and for whom to produce. 4. Market economies tend to be more efficient than traditional or command economies because in market economies people make decision in their own best interest. Its characterized by a great deal of freedom, people can spend their own money on products they want most. 6. Market economies are more innovative than other either traditional or command economies, because market economies allow people to be exposed to new cultures and inventions. Market economies buy , sell, and trade with other counties.
3.) A command economy is when the government is the central authority that makes the major decisions about what, how and for whom to produce.
4) A market economy is when people make decisions in their own best interest.
6. A market might be in a physical location, such as farmers' market, or on an internet site, such as eBay. Regardless of its form, a market can exist as long as a mechanism is in place for buyers ad sellers to meet.
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. The community has no say in it at all.
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. Market economies are more innovative than the other economies because there is individual freedom for everyone and they can compete with each other while selling objects,n so the market is able to change frequently.
3) A command economy is when the gov't is the central authority that makes the major decisions about what, how and for whom to produce. 4)A market economy is when people make decisions in their own best interest. 6) A market might be in a physical location, such as farmers market or an internet site, such as eBay.
3. A command economy is what the central government that controls all the decisions about what is produce,how much is produce, and to whom it is produce. 4. A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand, and prices of goods and services are determined in a free price system. 6. Market economies are one of the most freest economies out there. Some times they promote individualism but not always.
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. The community has no say in it at all.
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. Market economies are more innovative than the other economies because there is individual freedom for everyone and they can compete with each other while selling objects,n so the market is able to change frequently.
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. Advantages of command economy are that it can change direction drastically,The soviet union went from a farmer society to an industrial nation in a few decades. Health and public services are available a little or no cost.
Disadvantages are that the government ignores basic wants and needs of consumers and they control their lives.
6. An example of economic activity from traditional economy are the native Americans and Northern Canada, how the parents teach and bring up their kids in their environment, such as hunting and fishing and making their own weapons and products. This activity is important for the economy because their are little uncertainties of what, how and for whom to produce. It saves a lot of money and time.
3. A Command Economy is when the government is the central authority that makes the major decisons about what, how and for whom to produce.
ReplyDelete4. Market economies allow people to start whatever business they want or to go into any profession. Market economies promote individual initiative and competition.
6. Market economies are more innovative than command economies because market economies allow people to start their own business and go into whatever profession they choose as opposed to a command economy, where all aspects of the economy are controlled by the government. Market economies promote individual initiative
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. The characteristics of a traditional economy are that is sets economic roles for all members of the community. Characteristics include: life is stable, predictable, and continuous.
ReplyDelete4. Advantages of a command economy are many basic education, public health services are available with little or no cost. Disadvantages are that new and different ideas are discouraged, does not meet wants and needs of consumers, and lack effective incentives to get people to work.
5. Advantages of a market economy are lack of government interference, individual freedom, and a large variety of goods and services. Disadvantages are that workers and businesses face uncertainty as a result of competition and change, and do not produce enough public goods such as defense, universal education, or healthcare.
3. A command economy differs from the other economic systems because in a command economy a central authority makes the major decisions about what, how, and for whom to produce.
ReplyDelete4. Market economies tend to be more efficient than traditional or command economies because in market economies people make decision in their own best interest. Its characterized by a great deal of freedom, people can spend their own money on products they want most.
6. Market economies are more innovative than other either traditional or command economies, because market economies allow people to be exposed to new cultures and inventions. Market economies buy , sell, and trade with other counties.
3) In a command the central government controls all means of production. There is no freedom among consumers or sellers, creatig a stagnant market. Other economic systems like a market economy have a lot more freedom and competition.
ReplyDelete4) Market economies are far more useful because the best products and services are offered due to competition. With the freedom to spend money however a person wants, the economy is greatly effected in a good way.
6) The innovation of the market economy is how people have the freedom to use and spend their money how ever they want. The market economic system is more effective in todays world, making it more "innovative".
- Pat Lennon
3.A command economy differs 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 market economies people make their own decisions on what they think is best,choose what method they want to produce things, and for whom they would want to produce for.
6.Market economies are more innovative because they are the newest kind of economy, it lets you have more freedom, you may buy and sell to other countries or you don't if you do not want to.
- veronica cupo
3) A command economy differs from the other economic systems in that it has much more control over how the economy flows, where the money goes, how much money is given to the people, what kinds of jobs there are, etc. And because it has so much control over the economy, this also gives the government (who runs the command economy) total dominance over the lives of the people.
ReplyDelete4) Market economies have a tendency to be more efficient than a command or tradition economy because in a market economy anything can happen, any kind of business can be created and any kind of rules can come with it. There's total freedom for market economies which can help the economy flourish with the creation business and by how much money is spent by the people (whereas a command economy tells people how to spend their money).
6) Market economies are more innovative because with a market economy it's not the same old rules and regulations of what kind of business can be created, how much can be spent, etc. (like a command economy). In this kind of an economy any business can be created, any amount of money can be spent, the total freedom of the market making it much more advanced than other kinds of economies because new things can happen everyday.
3. A command economy differs from the other economic systems because no one really have any freedom and cannot make their own decisions because their is central authority. Everyone nor anyone is allowed to open a business that may please or have interest in them.
ReplyDelete4.Market economies are more efficient than traditional or command economies because it operates through supply and demand.
6. Market economies are more innovative because it's the only economy with full freedom. A market economy is not controlling and have one person controlling everything (what comes in, what goes out, what business to open, etc.) like a command economy.) Capital flows to where it will get the greatest return, expanding the total size of the economy to its maximum level.
In a market economy, it is easier for someone with initiative to create a better life for themself and their family.
3. A command economy differs from other economies because the government has complete control over the flow of the economy. They control how much, for whom and what to produce. It can be controlled by a president, dictator or a king. This limits people's individual freedom. Other econonmies will allow people to make their own economic decisions.
ReplyDelete4. Market economies are more efficient then traditional or command economy because it allows people to have complete economic freedom. They can start their own buisnesses and spend their money however they want.
6. A market economy would be more innovative since people are not limited to spend money. They can start buisnesses and produce more advanced products. You can act upon your new ideas instead of being forced to follow the old traditional economic ways.
3. A command economy is where central authority makes major decisions abut what, how, for whom to produce. It is is dictatorship. A mixed economy is a mix between command and market it is less strict in telling you what to do, you have more freedom
ReplyDelete4. In a market economy people make decisions in their best interest. It is a great deal of freedom. People can spend their money on the products they want most, which is like casting dollar "votes" for those products
6. Market economies are more innovative because it allows more freedom. Businesses are free to find the best production methods when deciding How to produce. The income that consumers earn and spend in the market determines FOR WHOM to produce.
3) Command economy is a central idea authority makes the major decisions about WHO, HOW, and FOR WHO. It can be lead by a king, a dictator,a president, or anyone else who makes the major economic decisions.
ReplyDelete4) market economies tend to be more efficient than traditional or commanded oniony because people have money to do whatever they please and competition is involved.
6) market economies are more innovative than traditional and command economies because the people have much more freedom to do certain things like buying and ceilings products in certain areas
ReplyDeleteShniece Archer
3. A command economy is very different from the rest because a central authority makes the major decisions about what, how, and to who to produce. The community has no say in anything that occurs in it.
4. Market economies are more efficient then the other two economies because you buy and sell things fluently and money will continue to flow.
6. Market economies are more innovative than the other economies because there it allows people to be free so they can compete with other people to sell or produce different products so the market can change.
3. A Command Economy is when the government is the central authority that makes the major decisions about what, how and for whom to produce.
ReplyDelete4. Advantages of a command economy are many including public health services are available with little or no cost, and basic education. Disadvantages are that new and different ideas are discouraged, does not meet wants and needs of consumers, and lack effective incentives to get people to work.
6.Market economies are more innovative because they are the newest kind of economy, it lets you have more freedom, you may buy and sell to other countries or you don't if you do not want to.
CONNOR SMITH
ReplyDelete3. A command economy is what the central government that makes the decison on who what and how to produce a good.
4. Advantages of a command economy is basic education, health services, but disadvantages are little consumer choice.
6. Market economies have more of an advantage because it contorls what to produce.
3. A command economy differs from the other economic systems because in a command economy a central authority makes the major decisions about what, how, and for whom to produce.
ReplyDelete4. Market economies tend to be more efficient than traditional or command economies because in market economies people make decision in their own best interest. Its characterized by a great deal of freedom, people can spend their own money on products they want most.
6. Market economies are more innovative than other either traditional or command economies, because market economies allow people to be exposed to new cultures and inventions. Market economies buy , sell, and trade with other counties.
3.) A command economy is when the government is the central authority that makes the major decisions about what, how and for whom to produce.
ReplyDelete4) A market economy is when people make decisions in their own best interest.
6. A market might be in a physical location, such as farmers' market, or on an internet site, such as eBay. Regardless of its form, a market can exist as long as a mechanism is in place for buyers ad sellers to meet.
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. The community has no say in it at all.
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. Market economies are more innovative than the other economies because there is individual freedom for everyone and they can compete with each other while selling objects,n so the market is able to change frequently.
3) A command economy is when the gov't is the central authority that makes the major decisions about what, how and for whom to produce.
ReplyDelete4)A market economy is when people make decisions in their own best interest.
6) A market might be in a physical location, such as farmers market or an internet site, such as eBay.
3. A command economy is what the central government that controls all the decisions about what is produce,how much is produce, and to whom it is produce.
ReplyDelete4. A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
6. Market economies are one of the most freest economies out there. Some times they promote individualism but not always.