Compare and Contrast How do the four different economic systems (traditional, command, market, and mixed) answer the basic economic questions: What to produce? How to produce? And For whom to Produce?

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Answer 1

The correct answer to this open question is the following.

Compare and Contrast How do the four different economic systems (traditional, command, market, and mixed) answer the basic economic questions:

What to produce?

In a traditional economy, people based their products on agricultural goods, Production of crops is the elemental way in the economy, and crops are traded. In a market economy, there are no limits on what to produce. The supply and demand of products dictate what is more profitable to produce.

In a command economy, it is the state that decides what needs to be produced.  In a mixed economy, there is a combination of traditional, command, and market economies.

How to produce?

The methods of production in a traditional economy are very basic, we could say primitive. In a market economy, we have very industrialized and modern methods of mass production. In a command economy, is up to the state to decide the way products will be made. There is no private business, just the state owns the means of production.

And For whom to Produce?

In a traditional economy, products are aimed at the people who live in the village and have a simple life. Sometimes they still using bartering to exchange products and food.

In a market economy, goods are aimed at every single member of society because they represent a potential market or segment that can be attracted to many different products. In a command economy, the state produces what it considers necessary to its citizens, In a mixed economy, we have the combination of all three.


Related Questions

Point out the sectors of mutual understanding between nepal and australia

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Answer:

The sectors of mutual understanding between Nepal and Australia is described below in brief explanation.

Explanation:

Nepal and Australia are connected with a diplomatic alliance and their diplomatic relationship was established way back in the 60s. Nepal's association with Australia predates the corporation of strategic connections in 1960. Both have contributed to the commercial and social improvement of Nepal and international matters of bilateral importance between Australia and Nepal.

the weather condition that previals over a large area and fox a long time is called​

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Answer:

Answer: Climate refers to the sum total ofweather conditions and variations over a large area for a long period of time(more than thirty years).Oct 19, 2020

Explanation:

Which of these is NOT a description of the mantle. It is liquid, melted rock. O It has currents like the ocean. O It is the thinest layer of the Earth o It makes up 70% of the Earth's volume.​

Answers

Answer:

Your answer would be: It is the thinest layer of the Earth

Explanation:

This is the answer because the thinest would be the crust  

why nepal is called democratic country​

Answers

Answer:

Nepal is a federal democratic republic. The political system is based on the Interim Constitution of Nepal 2063 (2007), with a prime minister as the chief executive and a 601-member Constituent Assembly, which is responsible for drafting a new constitution. ... The government sometimes restricted freedom of assembly.

Explanation:

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smaller states or areas joined together to form one country

Answers

Answer;Confederation

2.
What are different ways to diversify the trade?
Short answer questions:​

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There are three types of diversification techniques:
Concentric diversification. Concentric diversification involves adding similar products or services to the existing business. ...
Horizontal diversification. ...
Conglomerate diversification. ...
General Electric. ...
Walt Disney.

how does brain drain adversly affect the national development?​

Answers

Answer:

Here is your answer

Explanation:

Hope you like it

Which of the following best explains the main role that volunteerism plays in American society?

Being a volunteer is a way for people to work.
Being a volunteer is a way for people to spend time.
Volunteers have many jobs to do in their public lives.
Volunteers fill needs that the government does not or cannot.

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Answer:

Volunteers fill needs that the government does not or cannot.

Explanation:

American citizens decided to limit the power of the government as they created it. Because of this americans rely on other americans to help them out since the government can not.

help me out I don't know social studies​

Answers

First answer is executive branch second answer is cabinet and third is federal agencies

what do you mean by we are all children of Mother earth

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Answer:by earth is mother it means the earth provides us what our normal mothers would provide it keeps us alive such as trees without trees we couldnt breath and without water we would die so mother earth keeps us alive. :)

Landon was involved in a fight outside his apartment building. Several men were standing around discussing a soccer team when an argument
broke out. Tempers flared and Landon punched another one of the men in the face, breaking his jaw. He says that he didn't mean to, that he
was just defending himself. Landon has been charged with assault. What is the phrase that describes the charge?
A.
actus reas
ОВ.
mens rea
O c.
pro bono
OD.
ex parte

Answers

Answer:

A- actus reas

Explanation:

I took the test

Actus reas is the phrase that describes the charge. Thus, the correct option is A.

What do you mean by phrase?

A phrase in grammar refers to a group of words or a single word that functions as a grammatical unit. The English phrase "the extremely happy squirrel," for instance, is a noun phrase that also incorporates the adjective phrase "very happy."

Phrases might be made up of only one word or an entire sentence. Phrases are frequently examined as constituents or other syntactic structural units in theoretical linguistics.

The term "phrase" has a different meaning when used in linguistics than it does in everyday speech. A phrase is typically a collection of words with a common meaning or other importance, such as "all rights reserved," "economical with the truth," "kick the bucket," and similar expressions.

According to theories of syntax, a phrase is any group of words—or perhaps just one word—that has a specific function within the syntactic framework of a sentence.

It need just serve as a full grammatical unit in the phrase under consideration. It is not necessary for it to have any additional value or meaning.

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Compare and contrast the treatment of different religions by rulers of the Arab empire.
plz make it like a paragraph or two ;-;

Answers

Answer:

Religious tolerance was shown to Christians and Jews in The Ottoman Empire, but members of both faiths were legally prohibited from worshipping in public and were required to wear distinctive clothing.

Explanation:

Why was the capture of Atlanta in 1864 critical? (Choose two.)

General Ulysses Grant was about to take General Sherman's command of the Union troops away.
Lincoln was up for re-election, and this Union victory almost guaranteed that he would win.
Morale was getting low among Union troops, and this boosted their will power to keep fighting.

The Confederates lost their will to fight after Atlanta was captured and quickly surrendered.

Answers

Answer: The fall of Atlanta was a critical point in the Civil War

Explanation: Giving the North more confidence, and (along with the victories at Mobile Bay and Winchester) leading to the re-election of President Abraham Lincoln and the eventual surrender of the Confederacy.

The capture of Atlanta in 1864 critical because of following reason:

Morale was getting low among Union troops, and this boosted their will power to keep fighting.Lincoln was up for re-election, and this Union victory almost guaranteed that he would win.

The impact of Atlanta's collapse played a crucial role in the Federal troops' ultimate victory. It increased North American spirits and ensured President Abraham Lincoln's reelection, ensuring that the war would continue until the South's surrender.

What was Battle of Atlanta?

The Battle of Atlanta, which took place on July 22, 1864, was a Union summer campaign battle in Atlanta. On the eastern outskirts of Atlanta, Georgia, Union Major Generals William Tecumseh Sherman and James B. McPherson successfully repelled a Confederate onslaught led by Lieut. Gen. John Bell Hood. Hood's force suffered significant losses as a result of the Union victory, but Sherman would not capture the city until September. Of the 34,863 Union men engaged at the Battle of Atlanta, 3,722 were killed, wounded, captured, or reported missing. 40,438 people were involved, and the Confederate army sustained an estimated 5,500 losses.

Abraham Lincoln, who was running for president of the United States a second time, attached particular importance to the conflict. Both the Union and the Confederacy had not anticipated how long the war would last, and Lincoln's chances of winning reelection were already in jeopardy.

Supporting answer

Hence option B & C is correct answer

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The three largest and most prominent ________________ [in Mississippi] were the ____________________, the _________________, and the ___________

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Answer:

The three largest and most prominent tribes in mississippi were the Natchez, the Choctaw and the Chickasaw.

Explanation:

Why is it better to live in a country ruled by laws rather than one ruled by a few powerful people?

Answers

Answer:

A country ruled by laws makes things fairer for the citizens.

Explanation:

An example is the French Revolution, the citizens were ruled by the king and queen. When the rulers made the country go bankrupt the xitizens. The queen said, "let them eat cake." A country with laws runs smoother and a person cannot be thrown in jail or be treated unfairly by a powerful person because there are laws in place.  

picture above ^^ pick one of multiple Choice

Answers

Answer:

the answer is empowerment ^^

if im wrong, please forgive me.

Explanation:

What feature of prose shares the same purpose as a stanza of poetry?
1.a sentence
2.a chapter
3.a syllable
4.a paragraph

Answers

Answer:

A paragraph

Explanation:

State the factors affecting population distribution and write the causes for increasing of population in urban areas.​

Answers

Answer:

Migration.

Explanation:

Population growth in urban areas are growing rapidly because of migration

Answer: Economic Terms

Explanation:

The Factors affecting the population is urban/city areas are mostly on economic scales like sea coast, natural harbours, navigable rivers or canals.In Addition, another can be cultural factors, political boundaries, controls on migration and trade, government policies. Lastly geographical terms,climate, landforms, topography, soil, energy and mineral resources. Hope this helps!

Question 13 of 20
Which phrase best completes the diagram?
Physical features of
northern Europe
A. High plateaus
B. Tropical rain forests
C. Hot deserts
D. Narrow fjords

Answers

Answer:

Its D

Explanation:

A P E X

Answer:

D. Narrow fjords.

Explanation:

Northern Europe has a lot of narrow fjords (thin strips of water).

what is a mixture.give one example​

Answers

Explanation:

A medicinal compound, typically a suspension of a solid in a solution is a mixture.

Example

mixture of sugar and salt

Answer:

Explanation:

Mixtures are formed when two or more substances (elements or compounds) mix together without participating in a chemical change. The substances need not necessarily mix in a definite ratio to form a mixture. Some examples of mixtures include mixtures of sand and water, mixtures of sugar and salt, and mixtures of lime juice and water.

This is one that I am reeeeeealy stuck on! Answer ASAP

Answers

You got It, right!

Number 3!

One result of the passage of the Judiciary Act during the Washington
presidency was- *
O A. the establishment of the federal court system
O B. the limitation on the practice of judicial review
C. the formal separation of federal and state courts
D. the creation of a supreme court as final mediator

Answers

Answer:A

Explanation: The Judiciary Act of 1789, officially titled "An Act to Establish the Judicial Courts of the United States," was signed into law by President George Washington on September 24, 1789. Article III of the Constitution established a Supreme Court, but left to Congress the authority to create lower federal courts as needed.

(10 point)
China had to pay
at the end of the Boxer Rebellion.
a
an armistice
an indemnity
an invoice
O O
foreign missionaries

Answers

I think the answer is an indemnity

Please help due in 30 mins!!

Answers

Answer:

F

Explanation:

What policy are the Allies resorting to in order to avoid war and keep peace? New Alliances

A Threats
B. Appeasement
C. Military Strength. D New alliances

Answers

B) the answer is Appeasement
the answer is bbbbbbbbb

US aid to foreign nations can include support for foreign military operations.
T or F?

Answers

True the us has help plenty of foreign countries during and after wars

Answer:

True

Explanation:

Just did the test

After obtaining freedom from Mexico Texans chose a form of government for their independent nation that insured them political freedom. Which form of government was chosen?

Answers

Answer:

Republic government

Explanation:

A Republic government is a form of government in which the representatives of the citizen body rule a state. This form of government has no hereditary aristocracy.

Texans chose the Republic government for their independent nation that insured them political freedom after obtaining freedom from Mexico.

Based on the map, which of the following choices is the most likely reason for the loss of the wetlands as the United States grew in
size?

A. People replaces wetlands with crop land
B. People removed wetlands for cattle ranches
C. People removed wetlands to build cities
D. People replaced wetlands with forests

Answers

the answer is c people removed wetlands to build cities

The option that provides the reason for the loss of the wetlands as the United States grew in size is People removed wetlands to build cities. Thus, option C is correct.

What is Map?

A map is a symbolic depiction emphasizing relationships between elements of some space, such as objects, regions, or themes. Many maps are static, fixed to paper or some other durable medium, while others are dynamic or interactive.

A wetland is an area of land that is covered by water, whether salt, fresh, or somewhere in between, either seasonally or permanently. It operates as a separate ecology. In order to produce more, people of US started converting the wetlands.

The option that provides the reason for the loss of the wetlands as the United States grew in size is People removed wetlands to build cities. Thus, option C is correct.

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Which early U.S. party was
supported by the Americans
who were mostly small
farmers and urban workers?
A. Federalist
B. Independent
C. Republican

Answers

Answer:

The People's Party, also known as the Populist Party or simply the Populists, was a left-wing agrarian populist late-19th-century political party in the United States. The Populist Party emerged in the early 1890s as an important force in the ... Populists were also largely unable to win the support of farmers in the Northeast and ...

Explanation:


What is the copper stone age ?​

Answers

Answer:

Explanation:

The Chalcolithic or Copper Age is the transitional period between the Neolithic and the Bronze Age. It is taken to begin around the mid-5th millennium BC, and ends with the beginning of the Bronze Age proper, in the late 4th to 3rd millennium BC, depending on the region.

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