Economic again?
which economic system do you feel is best?
--traditional economy, command economy, and market economy?? explain
my is market, cuz market economy is the price system help people make decisions and allocate.
Answer:
The advantages of a market economy is that the price system helps people make decisions and allocate goods and services efficiently.
However, if there are severe impediments in the economy, a command system might be superior. For example, if you believe that firms and consumers will never take into account the amount of pollution they put into air and water, then a command system could be superiod.
However, most cynics still believe that the market system can be adapted -- subsidies and taxes -- to overcome the impediments.
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i want model papers from 9th and 10th?
--traditional economy, command economy, and market economy?? explain
my is market, cuz market economy is the price system help people make decisions and allocate.
Answer:
The advantages of a market economy is that the price system helps people make decisions and allocate goods and services efficiently.
However, if there are severe impediments in the economy, a command system might be superior. For example, if you believe that firms and consumers will never take into account the amount of pollution they put into air and water, then a command system could be superiod.
However, most cynics still believe that the market system can be adapted -- subsidies and taxes -- to overcome the impediments.
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