1 Answer - Sort by: Date | Rating
- A mixed economic system allocates resources based on the private and public sector joining together, while in a command economy the government has a vital role in allocating the factors of production.
- In a mixed economy the government decides on what to produce and also the market forces of demand and supply. And how to produce these goods is decided through price machanism. And finally to whom to produce these goods depends upon the consumers demand.
- While in a command economy what to produce is decided by the government planners. How these good should be produced is decided by the government through input ouput analysis. And then for whom to produce these goods depends upon how the government distributes these goods and services through state outlets, and where as for the consumers, they are suppose to purchase these goods and services with the money which they earn.
0
0
It was great that I found what I was looking for finally , keep it up. Am KUTE DAVID
- What Are Some Problems Wilfred Laurier Had?
- How Do National Income,product,expenditure Work In U K Economy?
- How Do National Income,product,expenditure Work In U K?
- What Is The Average Cost Of Gas?
- What Are The Short Term Effects Of A Volcano?
- Why Mixed Economy Is Important In Uk?
- What Are The Problem Faces Home Trade?
- What Are The Monetary Of All Countries?
- Can You Identify A Mid-term Personal Or Family Goal That You Would Like To Accomplish In The Next 1- To 2 Years?
- Can You Explain With Examples The Concept Of Consumer Surplus?
- Why Are Prices So Important In A Market Economy?
- What Is A Linking Theory?
- What Is Bumper-harvest Paradox?
- How Do Tell If A Firm Is Making Or Losing Money?
- How Do I Export An Access Report To A Csv Format Using A Macro?
- What Are Injections And Withdrawals?
- How Did Roads And Canals Affect The Economy?
- Which Countries Flood Most Often?
- THe Economy Is Currently At Potential Output You Are An Economic Policy Maker Rank Your Most Preferred To Least Preferred Type Of Shock: Positive Demand Shock, Negative Demand Shock, Positive Supply Shock, Negative Supply Shock?
- Why Is The United States A Leading Country?
- What Were The Factors That Caused The Great Depression To Happen In The World And The United States?
- Which Country Is Meant When Gmbh Is Written?
- Which Country Has The Most Flooding In The World?
- Explain Why The Average Cost Curve Is U-shaped. The Long Run Average Cost Curve Is Always An Envelope Of Short Run Average Cost Curves. Discuss?
- What Is The Contribution Of Managerial Economics In Solving The Three Eco. Problems Choices Of The Economy?

New Comment - Comments are editable for 5 min.