In a command economy, the government controls the economy through various commands, laws, and national goals which are used to coordinate complex social and economic systems. In other words, a social or political hierarchy determines what is produced, ho
What is a command economy and a market economy?Economy:Economy refers to a set of activities in the market that include the consumption and production of goods and how scarce resources are allocated. Moreover, the production and consumption of activities are used to fulfill recurrent consumer ...
China had a command economy only until 1978 when it began a series of reforms that encouraged private enterprise.3 Studying Economies The study of economies and the factors affecting economies is called economics. The discipline of economics can be broken into two major areas of focus: microeconomi...
Limited Liability Company (LLC):This is a business structure that was first available in Wyoming in 1977 and then in other states in the 1990s. Alimited liability companycombines the pass-through taxation benefits of a partnership with the limited liability benefits of a corporation.8 Business Siz...
Cite the major reasons for government involvement in a market economy. What is a command economy and a market economy? What was the United States' monetary policy response to the Great Recession? What effect did this have on the economy?
Understanding your company's financial position is integral to its success. A financial statement can indicate whether your company is bringing in a profit or heading toward trouble. To make informed, data-driven decisions in today's fast-changing economy, small business owners should first grasp ...
What is the definition of a market? What is market differentiation? What does a mixed market economy allow people to do? What is well-being in an economy? What type of economy do most countries have? What is a secondary market? What is market segmentation? What is a command economy? Wha...
Their economy is export ___. A. oriented B. orientating C. orientation There is no ___ the fact that he is the best student in the class. A. deny B. denies C. denying They depend on each other to survive. In other words, they are ___ for survival. A. interwoven...
For example, managers may rapidly respond to changes within a trade union or the economy. This responsiveness can make it easier to solve problems and allow the division to benefit from changing circumstances. Divisional structure consEvery organizational structure has its drawbacks, including divisional...
What is the 20th CPC National Congress? 二十大,全称是中国共产党第二十次全国代表大会。 The full name of 20th CPC National Congress is the 20th National Congress of the Communist Party of China. 中国共产党第二十次全国代表...