Social Studies, 05.05.2021 21:20 xxtonixwilsonxx
What is the main difference between command and market economies?
1. In a command economy only, the government owns most of the businesses and means to make money.
2. In a market economy, the government decides the prices to make sure everyone has equal ability to pay for
items; in a command economy, all items are provided.
3. A command economy is reflective of government regulation, while a market economy is reflective of what
consumers want and need.
4. Competition only hurts the market economy as companies change prices and goods to meet consumer wants.
Answers: 3
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Latonya was just hired as an engineer for an electric company. she will make a salary of $50,000 a year. how much of latonya's salary will be taxed at the 10 percent rate? how much of latonya's salary will be taxed at the 28 percent rate? latonya was just hired as an engineer for an electric company. she will make a salary of $50,000 a year. how much of latonya's salary will be taxed at the 10 percent rate? how much of latonya's salary will be taxed at the 28 percent rate?
Answers: 1
What is the main difference between command and market economies?
1. In a command economy only, th...
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