Life of a command economy
[DOC File]Chapter One – People & Government
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C. Communism as a Command Economy. 1) In Communist nations, government planners decide how much to produce, what to produce, and how to distribute the goods and services produced. 2) This is known as a command economy. A) Decisions are made at the upper levels of government and handed down to managers.
[DOCX File]AP Macroeconomics Exam/Course Study Guide
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: #1-3 exist as points on a continuum rather than as actual existing forms of life all societies in existence tend to manifest attributes of #1-3 the term . mixed. tends to refer to some . combination of command (government regulation, planning, and/or control) and market structures. TWO BASIC MODELS. of an economy are introduced in UNIT I:
[DOC File]Example of Market economy some say it is U
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tyrant, may direct the command economy. Tyrant may decide who will do what. The government through regulation guide people into certain jobs. Traditions may be overturned swiftly with the lost of a way of life and the means to earn a living-and even the loss of life itself.
[DOC File]Graphic Organizer - Weebly
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77. command. economy. a central authority plans and controls what is produced and distributed. Example: In a command economy prices are set by the central authority. (SS060108) 78. mixed . economy. a combination of command and market economies. Example: In countries with mixed economies, the government may own some industries, while others ...
[DOCX File]GRADE 8 United States History—Growth and Development …
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Mar 17, 2015 · Compare and contrast the ways of life in the northern and southern states, including the growth of towns and cities and the growth of industry in the North and the growing dependence on slavery and the production of cotton in the South. ... command economy: an economy in which resources are allocated by the government or other central authority ...
Mr
26) In a command economy, how are the prices of goods and services determined? A) business owners B) the central government. C) market forces of supply and demand D) independent agencies and independent regulators. 27) The person most known for contributing to the final form of the Constitution was . A) James Madison. B) George Washington.
[DOC File]CHAPTER 1
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8. Why is the American economy called a mixed economy? Our economy is a mixed economy because it exhibits elements of both capitalism and socialism. 9. Based on Figure 1.4, outline the economic interactions between business and households in our business system. See Figure 1.4. In the circular flow that characterizes our business system: a.
[DOC File]Study Guide chapter 2 - PC\|MAC
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• Command Economies (page 35) A central authority, generally a government, makes the major economic decisions in a . command economy. The central authority expects people in the society to go along with its decisions. A command economy can change its focus in a short period, depending on whatever the government calls for at any time.
[DOC File]Comparison of Economic Systems
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A traditional economy is characterized by the _____ of goods in which two people trade their possessions with each other. ... command economies can not compete with nations with _____ economies because they do not promote entrepreneurship and _____. ... the tour takes place on. Standard of Living – What is life like in the economic system ...
[DOC File]DOT
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A central planning group, usually the government, in a command economy, makes decisions about production and consumption. In a traditional economy decisions are based on what had always been done in that society. The market economy is an economic system in which the people make the decisions concerning production and consumption.
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