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What form of government is closest to a pure market economy?
capitalism
Are there any pure market or command economic systems today?
North Korea is a pure planned economy. Nothing goes through without the approval of a central authority, in this case, the Government. The closest thing you have nowadays to a pure market economy would be the USA. But the Government still sticks his hand out if some extra help is needed, so, definitely not pure.
Explain how most countries have a mixed economy located on a continuum between pure market and pure command?
g yudiosk
Which countries have a market economy?
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.
How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
What is a pure command economy?
Its when you are in command to do something the gov. Tells you to.
What form of government is closest to a pure market economy?
capitalism
Is the South African economy classified as a command or market economy?
yes, South Africa is a Pure market economy
Are there any pure market or command economic systems today?
North Korea is a pure planned economy. Nothing goes through without the approval of a central authority, in this case, the Government. The closest thing you have nowadays to a pure market economy would be the USA. But the Government still sticks his hand out if some extra help is needed, so, definitely not pure.
Explain how most countries have a mixed economy located on a continuum between pure market and pure command?
g yudiosk
Explain how most countries have a mixed economy located on a continuum between pure and market and pure command?
g yudiosk
Which countries have a market economy?
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.
How do most countries strike a balance between having a pure economy and a command economy?
Most Countries Have A Mixed Economy!!!:0 Oh Yeah We Ballin
How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
What economy is similar to command economy?
A planned economy is similar to a command economy, as both involve central authorities making decisions regarding production, distribution, and resource allocation. In a planned economy, the government or a central planning authority sets targets for production and consumption, while in a command economy, the government directly controls economic activities. Both systems prioritize collective or societal goals over individual preferences and rely on centralized planning to achieve economic objectives.
Which countries have come the closest to having purely command economic systems?
North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
