1. It is a kind of economic system that is paternal, kinship in nature. A. Traditional economic system B. Market economic system C. Command economic system D. Mixed economic system
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1. It is a kind of economic system that is paternal, kinship in nature.
A. Traditional economic system
B. Market economic system
C. Command economic system
D. Mixed economic system
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- 1.Explain what are economic systems? In your explanation, give indication regarding the role of an economic system 2. Discuss the nature of a Planned economic system? Your discussion should include:Ownership and Control of resources and Essential Decision making. 3. Give three (3) advantages and disadvantages of Planned Economies and Market economies. 4. Discuss the essential features of a mixed economy 5.Differentiate clearly between a Planned Economic System and a Free Market Economic System.14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A) Capitalism B) Socialism C) Market D) CommunismIII. Write True on the space if the statement is correct. If it is false, explain why it is so. 9. Nonprofit organizations are considered part of civil society organizations that work together with the government in delivering social services to the people and communities10. The three types of economic systems are communism socialism, and free enterprise.
- In what type of economic system are the basic economic questions answered in the same way as in the past? A planned economyA traditional economyA command economyA market economy Flag this QuestionExplain what non-economic (or non-market or non-capitalist) values are involved in your example and how they intersect with the economic activity you described.please help me out please Economic Systems Essay Compare and contrast the ways in which traditional, market, and command economies answer the three major economic questions. Your essay should be structured around the three economic questions, and explain how each system answers those questions. Structure: 1. Introduction. 2. What to produce? 3. How to produce? 4. For whom to produce? 5. Conclusion. In each paragraph talk about how the economic systems answer the questions. You can create exmples to make your point.
- A balanced federal budget and a balance of trade are secondary goals of macroeconomics, while growth in the standard of living (for example) is a primary goal. Why do you think that is so?Explain the difference between market capitalism, centrally planned capitalism, centrallyplanned socialism, and market socialism. Give an example of a country that illustrates eachtype of system.____________ is a term which refers to the widespread use ofpower-driven machinery and the economic and social changes that resulted in thefirst half of the 1800s. a)Industrial Revolution b)Capital deepening c)Living standard d)Technology
- Most economies in the world are built in a way that both the government and the private sector make economic decisions together. What type of economy is being described here? a. Capitalist economy b. Socialist economy c. Mixed economy d. Communist economyThe socialist movement is the largest among the significant opposition against economic globalization and thecapitalist system. It is known to have two major blocs, the Anarchists and the Communists. Research more on thesetwo socialist forces. What are their commonalities? What are their differences? What are their views towardsglobalization?how different economic systems and different social norms can create very different business and social incentives. Note that there are a lot of different things to consider here, but just as an example, just consider how an economic system characterized by respect for property would have a fundamentally different incentives for production and trade than one which automatically assumes that all resources are common property.