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Who benefits:
- The Central Planners -- all of those bureaucrats are employed with the purpose of creating the central planning and, as a result, their very livelihood exists only by dint of the planned economy.
- Black Market Smugglers -- Black Market Smugglers get much more traffic for needed goods if the economy cannot anticipate people's needs and this happens very commonly in planned economies.
Who suffers: Everyone Else
- Entrepreneurs are banned from starting new businesses that sell their own products.
- Businesses have product overflows in some categories and shortfalls in many others.
- Common people cannot buy everything that they may need or want.
What else can I help you with?
What advantage does the market economy have over the command economy?
A market economy promotes efficiency and innovation by allowing supply and demand to dictate prices and resource allocation, leading to more responsive and adaptable economic conditions. In contrast, a command economy often suffers from bureaucratic inefficiencies and a lack of incentives for productivity, as decisions are centrally planned. This flexibility in a market economy encourages competition, which can drive technological advancements and improve consumer choices. Overall, the decentralized nature of a market economy typically results in better alignment of production with consumer needs.
When the price of copper goes down how does that effect the economy in Chile?
The economy of Chile suffers
The economy of what suffers when oil prices drop?
The people who run the oil will make a little less profit. The economy as a whole will expand because products will get cheaper.
Discuss why the economy is an important component of the general environment?
The economy is an important component of the general environment as it affects the environment directly. With increased productivity which makes the economy better, the environment is polluted and suffers greatly.
Is the creation of jobs in the country independent of commerce and economic activity of the country?
No Not at all. when a country's economy is suffering, the status of jobs also suffers. it causes unemployment.
When the price of copper goes down how does that effect the economy in Chile?
The economy of Chile suffers
The economy of what suffers when oil prices drop?
The people who run the oil will make a little less profit. The economy as a whole will expand because products will get cheaper.
The economy of suffers when oil pricee drop?
The people who run the oil will make a little less profit. The economy as a whole will expand because products will get cheaper.
Discuss why the economy is an important component of the general environment?
The economy is an important component of the general environment as it affects the environment directly. With increased productivity which makes the economy better, the environment is polluted and suffers greatly.
Describe the symbiotic relationship between rafflesia plant and vine?
The symbiotic relationship between a Rafflesia plant and vine is parasitism.The Rafflesia plant benefits, but the vine suffers and soon dies.
What type of process does the quality of democracy suffer?
The economy of the third world country usually suffers because of the amount of money that is pumped in the elections.
What are the different kind of symbiotic relationship?
mutualism- Both Organisms benefit from somethingcommensalism- One Organism benefits, while the other gets nothingParasitism- One Organism benefits while the other suffers
Why has Zambia had difficult time establishing its economy?
Zambia has large copper resources and is one of the world's largest exporters of copper. However, it is very dependent on this resource, and when the price of copper goes down, the economy suffers.
What are the reason for the depreciation of us dollars?
When the economy is shrinking, the dollar suffers. The dollar will lose its value and it will take more less foreign currency to equal a dollar.
Is the creation of jobs in the country independent of commerce and economic activity of the country?
No Not at all. when a country's economy is suffering, the status of jobs also suffers. it causes unemployment.
What will happen to a bond's yield to maturity if the economy seems to be shifting from a boom to a recession?
Usually, bit not always, the yield will fall (and the price rise). However, if the issuer of the bond suffers when the economy turns down, the yield may rise (price fall).
When was The Woman Suffers created?
The Woman Suffers was created in 1918-03.
