disadvantage of economic system
*plz give me a few answer asap*
Answers
Answer:
Traditional Economy
Disadvantages:
1. This type of society is often very slow to change.
2. It does not take advantage of technological change.
3. There is relatively little promotion of intellectual and scientific development.
4. There is inefficient provision of goods and services.
5. There is inadequate use of skill in relation to the factors of production.
6. No upward movement of labor takes place.
Command Economies
Disadvantages:
1. No freedom of choice for consumers or producers
2. System is too rigid to adjust when changes occur, can result in shortages
3. Lack of incentive for workers results in low morale and efficiency. Managers
also are not motivated.
4. There are too many officials, and too much unnecessary procedure and
paperwork (red-tape or bureaucracy)
5. Conflicts of interests can arise because what the country needs may not be
what the people want.
6. There is wastage of manpower because large numbers of people are
required for central planning.
Free Market Economy
Disadvantages:
1. Since the making of profits is the dominant motive of the private sector, only goods
and services that yield the highest profit will be produced.
2. Since there is no government intervention in this type of system, consumer could be
exploited through the charging of high prices for essential goods and services.
3. This system leads to great inequalities as the few rich get richer and the many poor
get poorer.
4. There is much pollution associated with this system especially when industrialization
begins to develop.
5. There tends to be an over-consumption of demerit goods such as alcohol, cigarettes
and drugs
Mixed Economies
Disadvantages:
1. Too much government regulation may dampen the free enterprise spirit.
2. Some state-owned industries are allowed to operate inefficiently, thus wasting resources.
3. Where government intervenes in the market by setting maximum and minimum prices, this
may cause excess demand or supply, which may be difficult to regulate in the long-run.
4. Since the private sector helps to answer the economic questions, there can be the creation of
monopolies.
5. Inequitable distribution of wealth can also arise.
I hope this helps a little bit.
Related Questions
1.
What argument did Brandeis use to support
laws limiting the hours that could be worked
by women?
Answers
Answer:
idrk
Explanation:
Is a system of government in which priests rule in the name of God or a god.
a. Theocracy
b. Monarchy
c. Oligarchy
d. Democracy
Answers
Answer:
A. Theocracy
Explanation:
Hope this helps!
Which statements describe density? Check all that apply.
Answers
Answer:
The correct answer to the question is - the density of an object determines whether it will sink or float. EXPLANATION: The density of a substance is defined as mass per unit volume.
Answer:
Density is the sum of the mass and volume of an object.
The density of an object determines whether it will sink or float.
Explanation:
THNX
This graph shows use of the Internet and social media
by age group
Which group is least likely to be reached by the
Internet and social media?
Use of the Internet for Social Media
and News, 2011
Use of Social Media
Use of the Internet for Political News
80
70
60
50
40
30
20
10
0
18-29 30-49 50-64 65+
Ages
O 18 to 29 years of age
30 to 49 years of age
50 to 64 years of age
Percent of Population
O 65 years of age and above
oh
Answers
Answer:
65 tears and older
Explanation:
because they don't know much
Answer:
65 years of age and above
Explanation:
edg21
How to tell your parents that you want to change religion?
i want to be Christian
but my parents always disagree my opinion
i trust Jesus
i pray to Jesus and those prays is granted!!!
I'm not lying he's granted my wishes
yesterday i want storm, a rainy day, that happened after i pray to Jesus
even though Jesus came into my dreams
my parents could say "that isn't Jesus, that's satan who came into your dream" just believe in Islam
dude i like huh? i want freedom!!
please help me
i can't even be close to Jesus :'(
even now i'm in Islam
but i still believe in Jesus
Answers
who here is against the mask mandate rising in texas
Answers
Answer:
Not completely
Explanation:
I like that we now have an option to wear masks. People who want to can, and those who have breathing issues don't have to. Just because it's not required doesn't mean you can't.
Answer:
I'm upset that my state is taking away the mandate. I'm wearing my mask till its all over
what are some words besides strong, windy, damaging, and impacting that describe a Tropical Depression, Hurricane, and Tropical Depression???
Answers
Answer:
life-threatening
Explanation:
Why did Madison and Monroe consider infrastructure development to be so important?
Answers
Answer:Prior to moving into the still damaged Executive Mansion, which was burned by the British during the War of 1812, President James Monroe revived the presidential tour of the country, which was first undertaken by George Washington.
Explanation:Prior to moving into the still damaged Executive Mansion, which was burned by the British during the War of 1812, President James Monroe revived the presidential tour of the country, which was first undertaken by George Washington. The stated reason for the tour was to inspect defense fortifications, but it also allowed Monroe to reach out to Americans throughout the nation and exhibit his relaxed and affable personality. In June 1817, Monroe began his first tour of the North, traveling up the coast to Portland, Maine. From there, he turned west to Detroit and then southeast back to Washington, D.C. The trip took fifteen weeks and allowed Monroe to come in contact with more people than any previous sitting President. Everywhere he went, he was praised and applauded. The Boston Columbian Centinel described his reception in Massachusetts as the beginning of an "Era of Good Feelings" for the nation—a phrase that is now often used to describe Monroe's presidency.
The first tour was such a success that Monroe embarked on two others—one of the Chesapeake Bay area in 1818 and one of the South and West in 1819. Although those trips did not match the enthusiasm of the first, they gave Monroe an opportunity to reach out to different regions of the country. All three tours helped familiarize the people with their President, and Monroe's endearing personality won many converts.
One of Monroe's first acts as President was to put together his cabinet. Wanting to assemble a group of advisers from different regions of the country, he turned to New England native John Quincy Adams as his secretary of state. Adams had a long diplomatic career, and with their similar backgrounds in foreign affairs the two men established a good working relationship. Monroe then chose William H. Crawford from Georgia as secretary of treasury and sought out a westerner to serve as secretary of war. Unable to persuade his first choices, he picked to John C. Calhoun from South Carolina. Monroe turned to an old friend, William Wirt, to be his attorney general and decided to keep Benjamin Crowninshield as secretary of the navy. Monroe's cabinet has often been noted as an exceptionally strong one. The President assembled a group of intelligent and talented men who were very good administrators. He then gave them a lot of freedom to do their jobs. Although he encouraged debate and solicited advice from his cabinet, there was never any doubt that he was firmly in charge. He made the final decisions and expected his cabinet to support and implement them.The North held a small majority in the House of Representatives in 1819, and the South controlled a bare majority in the Senate. Voting on the Tallmadge amendments was strictly sectional: the amendments passed in the House but lost in the Senate. The House refused to admit Missouri as a slave state and the Senate insisted upon it. Monroe, along with many congressional leaders, understood the volatile nature of the debate and the strong regional divide over slavery.
However, he thought it was unconstitutional to place special restrictions on the admission of one state, as the Tallmadge amendments did, and threatened to veto any bill including such restrictions. Monroe feared that the dispute would divide the Union and worked in support of a compromise package in Congress. However, he did not forcefully inject himself into the process because he did not want to be accused of meddling in congressional affairs. A new Congress convened in the winter of 1819, allowing legislators to reach an accord that settled the dispute. Massachusetts allowed its far northern counties to apply for admission to the Union as the free, or non-slave, state of Maine, thus offsetting fears that the South would gain votes in the Senate with the admission of Missouri. Additionally, it was agreed—after much behind-the-scenes deal-making—that Missouri would be admitted as a slave state in return for the South's willingness to outlaw slavery in western territories above the 36/30' north latitude line. That line would open present-day Arkansas and Oklahoma to slavery but would forbid it throughout the rest of the Louisiana Territory—land that would eventually be organized into nine states. Monroe signed the bill on March 6, 1820, after he was satisfied that the provisions were, indeed, constitutional.
What does it mean to say the meaning of a creative work is subjective?
A. That people react exactly the same to it.
B. The people have different ideas about it.
C. That it’s message is ignored by people.
D. That the work is not well liked by people.
Answers
Answer:
Should be b
Explanation:
Saying that meaning of a creative work is subjective means that people are experiencing that work as a person's inner creativity not as a creativity of external environment
Answer:
B
Explanation:
got it right on the test
Which religion did the Portuguese bring to Trinidad?
Answers
Answer:
Roman Catholics:)
(I'm from trinidad)
19
Why would someone want to live in or near the flood plains of South Asia?
Answers
Answer:
Agriculture: Floodplains are very fertile agricultural areas. They are usually flat and have few farming obstacles. This means more crops can be grown and there is more profit for farmers and more food for people.
Transportation: Slow-flowing rivers and flat terrain provide great means of transportation corridors. Ships can haul cargo and are usually more effective than roadways.
HELLLLLLLLLPPPPPP 35 points for who gets it right
Answers
(GIVING BRAINLIEST!!!!)
After the Louisiana Purchase, how far west did the United States stretch?
A) Appalachian Mountains
B) Great Lakes
C) Rocky Mountains
D) Pacific Ocean
Answers
Answer:
from the Mississippi River in the east to the Rocky Mountains in the west
(answer c)
Explanation:
Answer:
the answer is c
hope you have a great day
Explanation:
How did expanded trade affect China's population during the postclassical era?
a. it forced most Chinese people to leave their homes
b. it helped increase the Chinese population
c. it stopped Chinese people from spreading their beliefs
d. it led to Chinese people living in smaller cities
Answers
Explanation
Expanded trade affect China's population during the postclassical era because it helped increase the Chinese population. Thus, option 'B' is the correct option.
What caused China's population to grow?China's population quadrupled, the amount of money in circulation increased tenfold, paper money was introduced, and trade and industry expanded quickly between 750 and 1100. China had a population of around 50 million in 742, which was relatively similar to the number in 2 CE.
With the spread of rice farming in central and southern China during the ensuing three centuries, the nation's food supply progressively increased, enabling its population to expand as well. The population grew to 100 million people by 1100. At the time, China was unquestionably the largest nation on Earth. Like in more recent ages, its population likely already exceeded that of all of Europe.
Learn more about China's postclassical era, here:
https://brainly.com/question/16211193
#SPJ2
how did the nazi party begin?
Answers
Please select the word from the list that best fits the definition an improved Portuguese ship that allowed exploration of the oceans
Answers
Answer:
its caravel
Explanation:
Which of the following was TRUE regarding the Missouri Compromise?
A)
It was created by South Carolinian John C. Calhoun
B)
It kept the balance between slave and free states in the Senate
C)
It prevented the spread of slavery into western territories
D)
It caused the price of cotton to dramatically increase
Answers
Answer:
I think it is A
Explanation:
Compare the dependency, modernization and center-periphery theory, help pleaseee
Answers
Answer:
The answer is below
Explanation:
Dependency theory is the theory that explains the outflow of resources from poor and underdeveloped nations to wealthy and developed countries, thereby making the wealthy nations wealthier.
Modernization theory on the other hand is the theory that explains the social change in which underdeveloped and developing countries continue to develop as they adopt modern practices similar to more developed societies.
Also, the Centre-Periphery theory is the theory that defines the structural connection between the developed states (center) and the underdeveloped states (periphery) usually within a country.
any five differences between mountain region and hilly region of Nepal?
Answers
mountain region.
climate is extremely cold.apple and other different fruits are grown.mostly bhote,magar and sherpa live here.many mountains are found which help to attract tourist.Yak, Sheep etc animals are found here.hilly region.
climate is moderate.the land is fertile .mostly newar, Gurung and Chhetri live here.many natural resources are found.elephant , doges etc animals are found here
What is border encroachment? What are the major causes of it? Write any two of them
Answers
Answer:
Causes of boundary disputes
General Background.
Cultural factors - a culture of ignorance.
Cultural factors - the lack of a regulatory authority.
Socio-legal aspects.
Cultural factors - Psychological aspects.
Technical factors in boundary disputes.
Cultural factors - Obstacles to dispute resolution.
Explanation:
Hope it helps,
Pls mark me the brainliest
Thank you
the development of Algebra
Answers
Algunos autores consideran que la densidad poblacional no ofrece real de la distribución de la población ¿ estas de acuerdo ? Explica tu respuestas mediante ejemplos
Answers
Answer:
La densidad de población que indica un punto crítico en el crecimiento de la población se puede estimar a partir de la relación entre la densidad de población y el movimiento de población. En el caso de adoptar la definición habitual de densidad de población, el punto crítico depende de cómo dividir el espacio en unidades de medida. Encontramos una definición adecuada de densidad de población. Hay zonas habitables e inhabitables. Para la densidad de población ajustada por el tamaño del área habitable sin tierras agrícolas, la densidad de población crítica no depende de la unidad de medida. Observamos esta característica estadística a partir de datos detallados del censo japonés y datos de uso de la tierra.
Explanation:
How are physical geologists different from historical geologists?
Report an Error
question 4 of 5
Physical geologists study oceans, while historical
geologists study the timing of past events.
O Physical geologists study the universe, while
historical geologists study the composition and
structure of the Earth.
Physical geologists study the timing of past events,
while historical geologists study oceans.
Physical geologists study the composition and
structure of the Earth, while historical geologists
study the timing of past events.
Physical geologists study weather, while historical
geologists predict earthquakes.
Next
Answers
Answer:
Physical geologists study the composition and structure of the Earth, while historical geologist study the timing of past events.
A country in which everyone over a certain age is eligible to vote on who they want to represent them in the government, would be described as which type of government system? *
A communist government
A democratic government
An autocratic government
A confederate government
Answers
Answer:
A democratic government, I think I looked it up
1. About how many miles of railroad track were in Texas in 1870?
Answers
Awnser.
500 Miles
Explainion:
Even with the start of the Texas road rail , Navigation, And Banking Company, Texas had fewer than 500 Miles of Railroad in 1870
Right now today There are now 10,539
Route Miles of railroad Track-More than any other STATE
I have 3 questions please help. you can choose any of them and can also answer them in the comments.
1. Do you think it is better to have a family when you are young? Why? / Why not?
2. Do you think people can only really fall in love once in their lives? Why? / Why not?
3. Do you think it is a good idea to keep a diary so you can look at it when you are old? Why? / Why not?
Answers
Answer:
1. Yes so you can grow up with a support system.
2. No because if you think about it every one has serval lovers. Some we thought were serious but apparently not but most of the time you find a new lover. I also believe that each person has more then one soulmate.
3. Yes because its fun (I've done it)
Answer:
1. Yes, it is important because it helps us to grow properly.
2. I do not know i am a kid
3. Yes, it can remind us of our memories
How many Executive Departments make up the President’s Cabinet.
Answers
Answer: 15 departments in the Cabinet
Explanation:
This section is the introduction of the Constitution and lists the goals of government
A. Preamble
B. Signatures
C. Amendments
D. Articles
Answers
Water can seep into the tiny cracks in rocks. When the temperature is below 0˚C, the water can become frozen. When water freezes, it expands and breaks the rock apart. Which of Earth's spheres interact during this process? Choose the three that apply. A. Atmosphere B. Biosphere C. Cryosphere D. Geosphere E. Hydrosphere
Answers
Answer: E. Hydrosphere
Explanation:
The hydrosphere is the section of the earth. It is used to describe how well the waters covers the earth. It sustains water of various forms of life and sustains the ecosystem by regulating the atmosphere. The hydrosphere include water on the surface of the earth and air underneath. Hydrosphere can be liquid , ice or vapour, they all form what we call water
What did workers form and organize so they could demand change from their bosses?
1. nothing
2. land grants
3. unions
4. political parties
Answers
Answer:
workers formed unions, to demand change