Why do you think that most modern countries’ economies are a mix of command and market types?

Q: What is the value base of communitarian capitalism?

A: The philosophy of communitarianism emphasises the individual's relationship to the greater…

Q: In a command economy, the government decides Select all that apply: which goods and services will be…

A: There are different types of economies around the world. Each and every economy has its own…

Q: flaws of capitalism and socialism?

A: Socialism - The government uses to manage money and economic resources in a socialist economy. The…

Q: market. North Korea, Cuba- United States- Germany, Franc

A: Different economic systems prevail in different countries. Two main types of economic systems…

Q: what theory is biased on the idea that two economic systems capitalism and socialism will eventually…

A: In economics, there are different approaches to see the world and there are different ways to deal…

Q: The market system/capitalism is the best economic system because it is O Efficient (doesn't waste…

A: The market system/capitalism is the best economic system because it is all of these i.e, Efficient…

Q: Which of the political tools for controlling economic systems is the best?

A: Answer- Need to find- Which of the political tools for controlling economic systems is the best…

Q: Is Conscious Capitalism an illusion? Can someone please explain with an citation at the end.

A: Capitalism is a monetary framework dependent on the private responsibility for method for creation…

Q: Compare the main differences between the traditional system and the command system in economic…

A: The methods by which societies coordinate the creation, distribution, and consumption of goods and…

Q: How did capitalism change lives for the better? How did it impact lives negatively? In what ways has…

A: Capitalism: It is defined as the economic system in which factors of production, trade, and industry…

Q: Capitalism has accomplished many different things. While in the past, if you were a member of a…

A: It is obvious that you find the historical development of capitalism, with a view to offering…

Q: Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a…

A:

Q: describe the twotypes of economic systems: capitalismand command economy?

A: The economies around the world work on the basis of different systems. The economies have different…

Q: What are the two broad meanings of Socialism?

A: 1).any of various economic and political theories advocating collective or governmental ownership…

Q: Name two things about our current economic system you would like to change, and briefly explain why.

A: I believe that changing the tax code to benefit specific groups, such as small businesses,…

Q: In your own words, explain the concept of the “invisible hand” as it relates to economic theory. Why…

A: In this ,the entrepreneurs are the self interested individuals who are interested in making certain…

Q: Explain the difference between capitalism and socialism.

A: The different laws and ordinances that comprise the economy are referred to as its economic system.…

Q: Compare and contrast the various types of economic systems

A: An Economic System is any process which includes mechanisms for the manufacture, delivery, and trade…

Q: Which of the following free-market philosophers believed that Capitalism would end because its image…

A: A free market is an economic system characterized by voluntary exchanges and transactions between…

Q: The YouTube video "Why Capitalism Works" seems to provide a compelling case for why capitalism is…

A: Capitalism is an economic and social system characterized by private ownership of the means of…

Q: Why couldn't an economy function without government intervention?

A: An economy needs government intervention for some specfiic purposes because there are various types…

Q: Capitalism has accomplished many things, but I feel that the most important thing is the bringing…

A: The primary concepts in the information given are related to how capitalism affects societal…

Q: The United States as well as most of the world’s economic systems fall in to which category?

A: There are mainly three type of economic system prevail in the real world. They are A, Socialist…

Q: What attribute of capitalism will eventually lead to its collapse as claimed by Marx? How did this…

A: Marx believed that the capitalist system held the seeds of its own demise from the start.

Q: in your own words describe The three economic systems: Command, Market, and Mixed economy

A: Countries are classified on the basis of their economic system.  There are three economic systems,…

Q: What does marxist economy means? What sectors of economies are being controlled? Why are they being…

A: Economics: Economics refers to the making of choice at the time of scarcity. So, it can be said that…

Q: Are there any circumstances under which society could exist without law?

A: ANSWER   A Society rarely survives without some formed code of conduct. Thus it cannot exist without…

Q: Which of these economic systems have the most in common? A Free-enterprise economy and market…

A: This can be described as a form of market in which no single producer or consumer has the power to…

Q: Answer the questions at the top of the table for each of the Economic Systems. For your answers you…

A: The three major types of economies are as a market economy, a command economy, or a mixed economy.

Q: Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a…

A: As we know that Economy is that system in society where people earn their livelihood. And engage in…

Q: Who did Milton Friedman advise with his economic theory?

A: Milton Friedman was an American economist and statistician who believed strongly in free market…

Q: In a market system, provide an example for when government can enhance or harm any of the processes…

A: In a nutshell, an economy must distribute its resources and pick between several possible bundles of…

Q: Define economics and describe the two types of economic systems: capitalism and command economy.

A: Economics refers to social science dealing with the generation, distribution, and the consumption of…

Q: Why is it that not all the economic system in the world are same?

A: When talking about economic systems, it can be said that not all the countries have same economic…

Q: What is meant by varieties of capitalism?

A: In general, capitalism refers to the ideology that beleives in free-market system with providing…

Q: Describe any four economic systems that you know of in your economy

A: The objective of this question is to describe four different types of economic systems that exist in…

Q: what are the socialism and communism systems?

A: Socialism and communism are economic systems.

Q: economic decisions in traditional economic

A: In earlier times , economy use traditional economic system as basis of their livelihood. In that…

Q: Why fraud and many illegal things are related to capitalist system?

A: Capitalism is a market system in which there is no or little government intervention. The private…

Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.