Advantages of comman economies or disadvantages of market

Assignment Help Microeconomics
Reference no: EM133552478

Question: We generally conclude that market economies are "good" and command economies are "bad." Can you think of any advantages of comman economies or disadvantages of market economies?

Reference no: EM133552478

Questions Cloud

How and why does young henry earn the nickname : Why does Henry want a dog? - How and why does young Henry earn the nickname "Mr. In and Out (8)? How appropriate is the name?
Explain time series and econometrics methodology : Explain time series and econometrics methodology based on the Energy Consumption, Energy Crisis, and the Role of Foreign Direct Investment (FDI): Evidence
How are the concepts different from each other : How are these concepts different from each other? Is a Multicultural Day different than an International Day?
What comparisons be made between segregation and integration : What comparisons and contrasts can be made between segregation, integration, and separation as they relate to civil rights and human rights?
Advantages of comman economies or disadvantages of market : We generally conclude that market economies are "good" and command economies are "bad." Can you think of any advantages of comman economies or disadvantages
Characteristics of children with concrete operations : Apply your knowledge of Piagetian theory in the following situation: You are a science teacher whose students have just begun to use formal operations.
How do they relate to your personal trip goals : Keep track of all the negative thoughts you have about people in your world. What themes do you see emerging? How do they relate to your personal TRIP goals?
Differing cultural norms and even food ingredients : Differing cultural norms and even food ingredients? What other areas of operations must they plan for to operate smoothly
How the policy responds to or resolves the social problem : Explain how the policy responds to or resolves the social problem, taking into consideration the social work values as stated in the NASW Code of Ethics.

Reviews

Write a Review

Microeconomics Questions & Answers

  How would you prefer to grow your business

How would you prefer to grow your business: by reinvesting the profits you and your friends made, or by merging with Beta Burger? Explain

  In which economy is the marginal product of labor larger

Consider two competitive economies that have the same quantities of labor (L = 400) and capital (K = 400), and the same technology (A = 100). The economies of the countries are explained by the following Cobb–Douglas production functions:In which eco..

  What is the meaning of market equilibrium

What is the meaning of market equilibrium? Explain why everyone is not satisfied with a particular equilibrium point and discuss a benefit and a cost of raising the minimum wage to $10/hr. from its present $7.25/hr.

  What stock portfolio exactly offsets amount of extra taxes

suppose that Ike is loss averse. In the morning, Ike's stock- broker calls to tell him that he has gained $1000 on his stock portfolio. In the evening, his accountant calls to tell him that he owes an extra $1000 in taxes.

  First alternative what fraction of the firms shares

First alternative what fraction of the firm's shares will it have to give up to get the requisite financing - What rate of return will the firm have to pay for the new funds if the redeemable preferred stock alternative is chosen?

  How to prepare a vertical analysis of the balance sheet data

Total liabilities and stockholders' equity $200,000 $210,000 Instructions (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (b) Prepare a vertical analysis of the balance sheet data for Conard Co..

  The government modifies consumption tax somewhat so that

the lecture described how taxing income may change savings behavior. suppose instead that the government taxed

  Regulations allows banks to start paying interest

An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts.

  Trowbridge manufacturing procedures cases for personal

Trowbridge Manufacturing procedures cases for personal computers and other electronic equipment. The quality control inspector for this company believes

  Explain what you mean by too safe

Many automobile manufacturers routinely advertise the safety of their cars, yet airlines generally do not mention safety in their advertising. Can you suggest an explanation for this difference

  Implement a strategy to address possible risk factors

Explain why it is important to plan for uncertainties and how to implement a strategy to address possible risk factors. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your r..

  What is meant by the term business cycle

What is meant by the term business cycle? List the four phases of the business cycle.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd