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[DOC File]ANSWER KEY
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Compare the government’s role in market, command and mixed economic systems. Describe the benefits and disadvantages of a mixed economic system. Use examples and details to support your ideas. Market Command Mixed Production and distribution of goods and services – Who produces what, who gets what, how do they get it?
what happened to command economy

Command Economy - Definition, Examples, Systems, Countries
Command Economic System. In a command economic system, the main decision maker is the government. No person may independently decide to open and run any kind of business. The government decides what goods and services are to be produced. And the …
what is the problem with command economies

[DOC File]Traditional Economy
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Command economy. An economic system in which the government owns and operates the factors of production. Socialism Communism Cuba China Laos 3) Traditional economy. An economic system based upon customs and traditions. Economy is based upon agriculture and hunting. Non-Industrialized Agrarian societies Chad Haiti Rwanda 4) Mixed economy
characteristics of a command economy

[DOC File]Economic systems are divided up into three basic types
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Broad social goals like economic growth and stability are answered in economic systems. The institutions and methods a country uses to answer these 3 basic questions determine what kind of economic system exists in the country. The two major types of economic systems are command and market economies. Command Basic Questions Market
criteria of command system

[DOC File]Comparison of Economic Systems
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In a command system, economic planners would be concerned with all but one of the following areas. The exception is: an appropriate allocation of resources between the production of consumer goods and capital goods. the elimination of bottlenecks in the supply of key commodities.
3 define a command economy

[DOC File]Economic Systems
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an economic system, which is based on what has been done in the past. Command Economy: an economic system in which the government usually decides what to produce, how to produce it, and who will consume it.
countries with command economic system

[DOC File]DOT
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- Command Economy is just opposite to the concept of Market Economy, with respect to the basic money-making approaches. While Market Economy tends to multiply the wealth of a nation through the gradual process of evolution, Command Economic system prefers deliberate planning of the entire money-making process for better results.
economic command system definition

[DOC File]Types of Economic Systems
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Locate information about how each economic system answers the 3 basic economic questions: TRADTIONAL. SYSTEM COMMAND. SYSTEM MARKET . SYSTEM WHAT TO PRODUCE? By custom – whatever. was produced in the past The government decides what should be produced. The government owns most of the means of production. Consumer choices dictate the success of
countries with a command economy

[DOC File]Edu @ Thinus - Home
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This type of system is also called a market economy. There is little change in this type of system. This type of system allows a great deal of freedom for everyone involved. These items are goals for some economic systems. For each one, check whether you agree or disagree that it is a goal of our economic system.
what happened to command economy

[DOC File]Basic Economic Systems-“Command vs - Weebly
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Command Economic System. The most important aspect of this type of economy is that all major decisions related to the production, distribution, commodity and service prices, are all made by the GOVERNMENT. The GOVERNMENT decides what goods will …
what is the problem with command economies

What is a command economic system