Prezioak Saioa hasi Izena eman

Kategoriak: All - private - government - competition - command

arabera Rebecca Jarvis 5 years ago

153

ECONOMIC SYSTEMS

Economic systems can be categorized broadly into command and free-market economies, each with distinct characteristics and implications. In a command economy, central planning by the government dictates production and distribution, aiming for social equity and security.

Honelako gehiago

UNICEF

by sukhwinder dhillon

Indus Valley Civilization

by Randy Reese

Track and Field

by felicia situil

Great Economists Concept Map

by Andrew Lee

ECONOMIC SYSTEMS

Command Economy

Economic initiative may be suppressed due to lack of profits motive

ECONOMIC SYSTEMS

Economic systems can be categorized broadly into command and free-market economies, each with distinct characteristics and implications. In a command economy, central planning by the government dictates production and distribution, aiming for social equity and security.

UNICEF

Indus Valley Civilization

Track and Field

Great Economists Concept Map

ECONOMIC SYSTEMS

Command Economy

Economic initiative may be suppressed due to lack of profits motive

Decision making is centralised

Lack of individual freedom and choice

People have greater security and social solidarity

Services such as health and education are provided by the government

Social ownership of land and capital

Socially equitable distribution of national income

Concerntration of power in a Ruling party

Central economic planning

Free market economy

Private wealth may be maximised at the expense of others

Could result in irresponsible behaviour by firms, i.e pollution

Competition eliminated by monopolies

All resources are only available at prevailing price

Private property

Limited government involvement

Prices and markets

Self interest

Mindomo

Informazio

Ohiko galderak

ECONOMIC SYSTEMS

Economic systems can be categorized broadly into command and free-market economies, each with distinct characteristics and implications. In a command economy, central planning by the government dictates production and distribution, aiming for social equity and security.

UNICEF

Indus Valley Civilization

Track and Field

Great Economists Concept Map

ECONOMIC SYSTEMS

Command Economy

Economic initiative may be suppressed due to lack of profits motive

Decision making is centralised

Lack of individual freedom and choice

People have greater security and social solidarity

Services such as health and education are provided by the government

Social ownership of land and capital

Socially equitable distribution of national income

Concerntration of power in a Ruling party

Central economic planning

Free market economy

Private wealth may be maximised at the expense of others

Could result in irresponsible behaviour by firms, i.e pollution

Competition eliminated by monopolies

All resources are only available at prevailing price

Private property

Limited government involvement

Prices and markets

Self interest

Mindomo zer den zabaldu

Mindomo

Informazio

Ohiko galderak