What is a pure command economy
[DOC File]CRCT Economics Review Sheet
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evaluate the strengths and weaknesses of pure tradition, pure command, and pure market economies as ways to make economic decisions (4.1.1e) identify the costs, including opportunity costs, and the benefits of economic decisions by individuals, businesses, and governments in traditional, command, and market economies (4.1.1f) Key Terms. command ...
[DOCX File]Home - Houston County School District
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Traditional Economy. Pure Command Economy. Mixed Economy. Pure Market Economy. Government answers the 3 basic economic questions. 100% government control. Customs, habits, family history, etc. used to answer basic economic questions. Bartering used. No currency. Buyers (Consumers) and Sellers (Producers) answer 3 basic economic questions. No ...
[DOC File]I
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Title: Economic Systems Author: Beth and Jamie Pitts Last modified by: Administrator Created Date: 6/4/2008 2:15:00 PM Company: JPitts Appraisal, Inc
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Apr 07, 2016 · Real economies fall somewhere between the pure command and pure market. What is a mixed economy? A mixed economy blends components of two or more of the following economic systems to varying degrees: traditional, market, and command . Most countries have a Mixed Economy. However, a Mixed Economy is not an economic system but rather a blending ...
[DOC File]Edu @ Thinus - Home
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no country has a pure traditional, command or market economy. TO SOME DEGREE, EVERY ECONOMIC SYSTEM TODAY IS A MIXED ECONOMY. ECONOMISTS PLOT THE RANGE OF DIFFERENT COUNTRIES AS TO THEIR PLACE BETWEEN A …
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between pure command economy and pure market economy; the government is involved in the market economy. How? The government pays money to help farmers when there is a drought. The government creates laws to make sure workers are safe. The …
[DOC File]Purpose of Government Lesson - World History
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a. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. b. Explain how most countries have a mixed economy located on a continuum between pure market and pure command. SS7E1 The student will analyze different economic systems.
[DOC File]Economic Systems
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Command-government & government planning groups make economic decisions (North Korea) 3. Market-economic decisions made by individuals, driven by supply & demand. 4. Mixed-between a pure market & pure command economy, nearly all modern economies are this type. Economic systems are determined by answering three basic questions: SS7E5. 1.
Command Economy Definition
Explanation:In a command economy, individuals have less economic freedom since the government makes the major economic decisions. Typically, command economies are less efficient than market economies resulting in a lower per capita GDP. 6) In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
[DOC File]Three Economic Systems q2 w3
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South Africa has a pure market economy. Which one of the following is correct? The South African economy is a: pure market economy. pure command economy. pure traditional economy. mixed economy. multilateral economy. Multiple Choice Questions Testbank – Chapter 2. …
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