How profits are distributed are made

Reference no: EM13740524

In a command or planned economy, the government, not the market, regulates the factors of production and economic activities considered essential to the function of the economy. Economic decisions including what goods and services to produce (supply), how resources are allocated and regulated and how profits are distributed are made and implemented by the government.

How is the U.S. economy different from a command economy? Can the U.S. economy be called a true free market economy? Explain your answer by discussing the ways in which the federal government interacts with and regulates the U.S. economy in the context of both a command and free market economy.

Provide examples and justify your conclusions. Quotations, paraphrases, and ideas you get from books or other sources of information should be cited using APA style. Help with citing sources can be found through the Academic Resources page under Course Home.

Reference no: EM13740524

Questions Cloud

What caused of the triangle shirtwaist factory fire : The Triangle Shirtwaist Factory Fire. For this discussion I am asking you to use the materials contained in the Cornell Triangle Shirtwaist Factory Fire collection: What caused the fire, who was killed.

Dominate ones in the industry : Industries (markets) evolve and change over time. Many industries start out competitive (many businesses) but over time some begin to emerge as dominate ones in the industry

What are the challenges that the us economy will be faced : Discuss how your college education could be considered an investment in human capital. What is the opportunity cost of your degree. What are the challenges that the US economy will be faced with given a higher debt limit for future economic growth

History of fire safety in healthcare premises : history of fire safety in healthcare premises, legeslation requirments such as, BS, Aproved Document B. evacuation problems faced the stratigies

How profits are distributed are made : Economic decisions including what goods and services to produce (supply), how resources are allocated and regulated and how profits are distributed are made and implemented by the government.

Explain bibliography will be in chicago manual of style : Bibliographies and citations will be in the Chicago Manual of Style.

Formulate a linear programming model : A clothier makes coats and slacks. The two resources required are wool cloth and labor. The clothier has 150 square yards of wool and 200 hours of labor available.

Explain the profit maximizing and or loss minimizing level : Explain the profit maximizing, or loss minimizing level of output - Define a normal profit and an economic profit

Explain president eisenhower farewell address your textbook : In a two to three page response, explain and evaluate President's Eisenhower's Farewell Address using your textbook and the transcript of Eienhower's farewell Address found in Credo.

User Account

All Pages