Distinguish between a command economic system and a traditional economic system

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A: In the United States, the best monetary System is driven oftentimes by buyer spending and business…

Q: Mutual interdependence means that:

A: An oligopoly market structure would have a few buyers and few sellers in the market. The oligopoly…

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A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: Choose ALL of the key terms listed below which are usually associated with a country that earns more…

A: When talking about the degree of freedom from political and economic pressure, higher the freedom…

Q: MAKE SURE TO DEFINE THESE WORDS AND EXPLAIN IT VERY WELL.  -Economic Globalization -Cultural…

A: International economics deals with the effects of economic activity which results from International…

Q: What difficulties has Russia encountered in its move from a command economy to a market economy?

A: Before the 1990s the Russian economy was operated as a command economy where all the means of…

Q: What are the differences between a free trade area, customs union, common market, and economic…

A: A Free-trade area is the region encompassing a trade bloc whose member countries have signed a free…

Q: Please explain the following political economy terms (With example) - Economic Globalization

A: Globalization: It means the process by which people and goods move easily across borders.

Q: Which were the two institutions that were instituted during the Bretton Wood System era? a.…

A: Bretton wood system: It means a set of unified rules and policies providing the framework necessary…

Q: Explain the national economic system under which the USA operates

A: The United States has a mixed economy. It works as indicated by a financial framework that…

Q: What was the first government Of the United States

A: United states got freedom from great Britain and thereafter established democratic government which…

Q: economic globalization definition and elaborate on it

A: Economic globalization:- This is a process that occurs during growth and results in significant…

Q: Evolution of the Philippine constitution

A: A constitution is a collection of fundamental concepts or precedents that serve as the legal…

Q: What does it mean if a country has a traditional economic system?

A: If a country has a traditional economic system then it means the economy of a country relies upon…

Q: The two highest levels of economic integration are: a)Customs union and common market. b)Customs…

A: Economic integration is a pact between countries that usually entails the removal or lowering of…

Q: economic system differ from the American economic system in terms of the relationship between state…

A:

Q: Explain how economic depression and imperialism are linked

A: When talking about economic depression, it is the fluctuations in the economic cycle in the long…

Q: MAKE SURE TO DEFINE THESE WORDS AND EXPLAIN IT VERY WELL. PROVIDE AN EXAMPLES -Political…

A: Globalization refers to the expansion of ideas and knowledge, information, products, and services…

Q: ONE DISADVANTAGE OF REGIONAL ECONOMIC INTEGRATION IS THE POSSIBLE LOSS OF NATIONAL SOVEREIGNTY.…

A: Economic integration is a treaty between countries that involves the elimination or reduction of…

Q: Philippine politics and governance

A: Philippines is a Southeast Asian island republic in the western Pacific Ocean. It's an archipelago…

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A: It was actually initiated so as to push the coordination and the economic and social development of…

Q: Algeria Type of economic system

A: The economic system refers to the mechanism which determines how the economic resources to be…

Q: Writes essays of about 750 words The course of developments covering the nineteenth century…

A: The United States' economy is a diversified economy with a high level of development. It possesses…

Q: one-sector model

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Relationship of globalization and the contemporary world.

A: Globalization Globalization can be depicted as an interaction by which individuals of the world are…

Q: Compare and contrast the Market-Based economic system vs. the Collective-Ownership system

A: The two opposites of economic activity organisation are market economies and command economies.…

Q: How does the mixed economic system benefit the global economy? Explain your answer.

A: Types of economic systems include command, market, and mixed economic systems. Command economic…

Q: Enumerate comparisons and contrasts on traditional economic system and command economic system.…

A: A traditional economic system is a system that depends on buyers and sellers customs, history and…

Q: over, power for

A: Power over is the type of power being built on coercion, domination,force and control and in turn…

Q: What is ‘state capitalism', and why do some consider it a threat to the contemporary global economic…

A: There exists a trade-off between the goals of efficiency and equity. In a free market scenario, the…

Q: Factors which favour economic integration

A: Economic integration means the unification of the economic policies between nations which also…

Q: the economic system in the united states is considered a

A: Money has been evolved since the ages and people use money for various purposes, and mostly for…

Q: A disadvantage of a traditional economic system is

A: Traditional Economic System is that system which relies on agriculture and is based upon beliefs,…

Q: Is merchantilism system practiced today and why? Which one of the GDP or GNP figures would be higher…

A: Mercantilism which is also known as commercialism is a system in which a nation or a country…

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A: Neoliberalism may be a policy model that encompasses both politics and economics and seeks to…

Q: What are the two ends of the continuum of economic systems?   Trade deficit;Trade surplus…

A: Basic:   Continuum of economic systems are hybrid in nature where concepts of capitalism and…

Q: What information would one use to determine the type of economic system that a country has?

A: An economic system is a means by which the commodities, resources, and services available are…