Explain how the following economic systems are different from each other Traditional, Command
& Free Market economies.

Answers

Answer 1

Answer:

An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. Economic systems regulate the factors of production, including land, capital, labor, and physical resources. An economic system encompasses many institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given communityTypes of Economic Systems

There are many types of economies around the world. Each has its own distinguishing characteristics, although they all share some basic features. Each economy functions based on a unique set of conditions and assumptions. Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.

 

1. Traditional economic system

The traditional economic system is based on goods, services, and work, all of which follow certain established trends. It relies a lot on people, and there is very little division of labor or specialization. In essence, the traditional economy is very basic and the most ancient of the four types.

Some parts of the world still function with a traditional economic system. It is commonly found in rural settings in second and third world nations, where economic activities are predominantly farming or other traditional income-generating activities.

There are usually very few resources to share in communities with traditional economic systems. Either few resources occur naturally in the region or access to them is restricted in some way. Thus, the traditional system, unlike the other three, lacks the potential to generate a surplus. Nevertheless, precisely because of its primitive nature, the traditional economic system is highly sustainable. In addition, due to its small output, there is very little wastage compared to the other three systems.

 

Explanation:

2. Command economic system

In a command system, there is a dominant centralized authority – usually the government – that controls a significant portion of the economic structure. Also known as a planned system, the command economic system is common in communist societies since production decisions are the preserve of the government.

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Answer 2

Traditional market economies are often based on customs and history,  possibly following the beliefs of a family, clan, or tribe. Command economies are often controlled by the government, and free-market economies are based on supply and demand with little to no government control.

Examples:

Communist Russia = Command Economy

Present-day America = Free-Market Economy

Uncolonized Africa = Traditional Market Economy


Related Questions

County governments were created to ensure that Washingtonians

received services that the territorial government struggled to provide.
had access to more state money than municipalities did.
received the representation of a mayor and a city council.
had a place to turn if their municipality failed them.

Answers

Answer: A-received services that the territorial government struggled to provide.

Explanation: got correct on Edge

8. Civil liberties are related to
what rights?

Answers

civil liberties may include the freedom of conscience, freedom of press, freedom of religion, freedom of expression, freedom of assembly, the right to security and liberty, freedom of speech, the right to privacy, and the right to equal treatment under the law.

Under the leadership of William Pitt the Elder,
France won the French and Indian War.
Britain won the French and Indian War.
Britain gained control of the Louisiana Territory.
France gained control of the Louisiana Territory.

Answers

what’s the question?

Answer:

B. Britain won the French and Indian War.

Explanation:

US citizens are required to

serve on juries and create policies.
obey laws and pay taxes.
create policies and support politicians.
obey laws and educate others.

Answers

Answer:

B.

Explanation:

All citizens have to obey laws (that's why they have jails) and pay taxes (tax day exists).

:D

Answer:

b

Explanation:

Took test

¿Cuál fue la política económica de la "libertadora"?​

Answers

Answer:Revolución Libertadora es el nombre con que se autodenominó la dictadura cívico-militar que gobernó la República Argentina tras derrocar al presidente constitucional, Juan Domingo Perón,1​ clausurando el Congreso Nacional, depuesto a los miembros de la Corte Suprema, a las autoridades provinciales, municipales y universitarias y puesto en comisión a todo el Poder Judicial2​3​ mediante un golpe de Estado iniciado el 16 de septiembre de 1955 y que, tras más de dos años, organizó elecciones condicionadas que trasladaron el poder político a un gobierno encabezado por el radical Arturo Frondizi, el 1 de mayo de 1958, quien también sería derrocado en 1962.

Explanation:

What arguments could be made for the necessity of a draft?
What arguments could be made against drafting young men into military service?

Answers

Not fully developed just ended there teens or still in there teens haven’t fully experienced life they can loose therw lives so quickly at a young age and there probably not experienced
FOR: In dire war-times, not enough citizens volunteer to be the crucially needed military personnel, requiring a draft for the safety and success of the nation.
AGAINST: However, drafting a country’s young men deprives it of a large portion of its workforce and citizenry, depressing economic, social, and societal growth for years to come. Additionally, there are inevitable long-term impacts on the men drafted, specifically debilitating mental and physical impairments/injuries from combat that they have no choice opting into or out of.

Select all the correct answers.
What is the purpose of a peer review of a literary analysis essay?

to find areas for improvement in the essay

to educate peers about literary analysis

to find out if the essay is engaging for readers

to improve relationships with peers

to inspire peers to read more literary novels

Answers

Answer:

Option A, to find areas for improvement in the essay

Explanation:

A literary analysis essay is send to the peers for review so that they can indicate regions of improvement in the essay.

Peer review is essential in all kind of researches because it is essential for publication.

Hence, option A is correct

Peer review is not done to determine if the essay is engaging or not, neither for improving relationship with the peers and neither for inspiring anyone.

Hence, all other options except option A are incorrect

Answer:  The Correct Answers are A:  to find areas for improvement in the essay and C: to find out if the essay is engaging for readers

For More Proof:

please help me with this question!!!

Answers

I think is symbolic is freedom

Cyrus was able to easily conquer Babylon because

the Babylonian Empire was not very strong. As President Trump would say, "Weak!"

the city did not have a wall around it.

the Babylonians hated their king.

he had many more soldiers than the Babylonian king.
PLS HELP

Answers

Answer:

Option: the Babylonians hated their king.

Explanation:

Babylonia flourishes and becomes the largest cities under the rule of Hammurabi. After Hammurabi's death, the empire was divided into small states. New rulers founded a Neo-Babylonian Empire that spread across the Persian Gulf to the Mediterranean. In 539 B.C., King Cyrus the Great or Cyrus II of Persia conquered Babylon.  

What was one lasting impact of the California gold rush?

Many of the miners became wealthy.

It attracted immigrants from Europe, Asia, Australia, China, and Latin America.

Mexico gave up additional lands rather than risk another war.

Slavery was introduced into California.

Answers

Answer:

I think :

Many of the miners became wealthy.

Many miner became wealthy/rich :3 have a nice day!!

Can someone help me fill in the blanks

Answers

1. Nationalism
2. Serbian
3. Stalemate
4. U boats
5. Armistice

President Eisenhower vetoed the Federal-Aid Highway Act (1956), insisting that it was too costly.
O True
O False

Answers

Answer:

False

Explanation:

President Dwight D. Eisenhower  has singed the bill as per which the  Federal Aid Highway Act of 1956 was enacted. He himself increased the amount of the financial aid under this act from $700 million per year to $900 million per year. If the President would have felt that it is too costly, then he would not have increased the financial aid value from $700 million per year to $900 million per year.

Hence, the give statement is False.

How did Germany prevent the US from shipping goods to the other Allied countries?

Answers

Answer: Would not give up ships to transport the goods.

Explanation: From January 1919 to March 1919, Germany refused to agree to the demand by the Allies that Germany surrender its merchant ships to Allied ports to transport food supplies. ... The restrictions on food imports were finally lifted on 12 July 1919 after Germany signed the Treaty of Versailles.

Hopes this helps!

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NEED NOWW
Which of the following best describes an effect of industrialization? O A. It ruins the economy of entire regions. O B. It becomes a push factor. O C. Less pollution is created O D. The population of cities rise.​

Answers

Answer:

B. It becomes a push factor.

Explanation:

In the mid-1800’s, a large number of immigrants crossed the Atlantic Ocean to begin a new life in America from Europe. More than 3 million of these immigrants arrived from Ireland and Germany. Many of them were fleeing economic or political troubles in their native countries.    

During this time period, technology was developing rapidly. The Industrial Revolution had begun. Larger faster steamships brought people to America by the thousands. Railroads grew and expanded. People could travel quickly and efficiently. Factories were built to produce many new products only recently invented.  

With the rise of American industry, growth of the railroad system created thousands of jobs both in factories and in the construction trade.

Hope this helps :)

Answer:

D

Explanation:

one of the most long lasting effects of industrialization is the increase in cities. Gone were the days of people living in small towns and farms. what once was small cities fledged into full sprawling cities with numerous residents.

some negative effects can be:

child laborwage slavery (workers being subjected to wages that are less than fair)slums (neighborhoods for the working class were considered less than ideal. they lived in areas that were overcrowded and riddles with pollution). terrible working conditions (common shifts were 6days a week for 10-15 hours per day. there were safety hazards as well)

industrialization brought about positive and negative consequences. Products were cheaper, cities flourished and more jobs were made available, but the negative consequences of child labor and poor working conditions were two very real issues courtesy of industrialization.

What made it difficult for freed African Americans to take advantage of the
Homestead Act?
A. They lacked the money needed to build homes and start farms.
O B. They lacked the skills needed to grow and harvest crops.
C. They were treated as equals in the South after the Civil War.
D. They were paid high wages in the South after the Civil War.

Answers

The factor that made the Black Americans to take advantage of the homestead act was that They lacked the money needed to build homes and start farms.

What was the homestead act?

This was the term that was used to refer to the act that could enable the people of the United States to gain ownership of land domains after they had applied for it from the government of the country.

The homestead act was used as way for a lot of people tp be able to get federal land for as many as people that would be able to farm on the lands.

This was a difficult situation for the blacks who did not have the money needed to build homes and start farms.

Read more on homestead act here:

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Which two statements apply to both Brown v. Board of Education and Mendez v. Westminster?
O Jim Crow Laws were upheld because they were deemed "separate but equal."
O Segregation of schools based on race or ethnicity was found to be unconstitutional.

Children of Interracial marriages were allowed to attend the school of their choice.
Discrimination by race or ethnicity was found to deny "equal protection under the law."
Schools on tribal lands were allowed to establish their own curriculum and rules.

Answers

Two statements apply to both Brown v. Board of Education and Mendez v. Westminster.

Segregation of schools based on race or ethnicity was found to be unconstitutional.Children of Interracial marriages were allowed to attend the school of their choice.

The correct options are B and C

What were two arguments in Brown vs Board of Education?

They used the Plessy decision from 1896 to justify segregation, claiming that they had constructed "equal facilities" in good faith even though races were separated. Furthermore, they contended that racial prejudice did not hurt children.

The continuance of residential segregation in American society is a major source of school segregation; domicile and school assignment are inextricably intertwined due to the widespread legacy of locally administered schools. Residential segregation in the United States is linked to rising income disparity.

Thus, the ideal selection is options B and C.

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1. How did the civil rights movement affect passage of the civil rights laws in the 1960s?

Answers

Answer:

The civil rights movement deeply affected American society. Among its most important achievements were two major civil rights laws passed by Congress. These laws ensured constitutional rights for African Americans and other minorities. Kennedy understood that black people deserved the full equality they were demanding.

Explanation:

Which of these is a guarantee in the First Amendment?

Answers

Answer:

B

Explanation:

Answer: B yuhhhhhhhh

A member of which of the following groups would most likely have agreed
with the message put forth in "Must Liberty's Light Go Out?" during World War
1?
O A. Nativists
B. Socialists
C. Industrialists
D. Democrats

Answers

Answer:socialists

Explanation:

I took the test

Answer:

Socialists

Explanation:

The 1965 Voting Rights Act enabled the Justice Department, under certain circumstances, to send federal officers into communities to register voters. This policy is which of the following:Group of answer choicesinconsistent with Madison's proposed national veto over objectionable state lawsunconstitutional pursuant to the Fourteenth Amendmentan ineffective solution to an unsolvable problemperfectly consistent with Madison's proposed national veto over objectionable state laws

Answers

Answer: perfectly consistent with Madison's proposed national veto over objectionable state laws

Explanation:

James Madison believed that the Federal Government through Congress, should have the right to veto objectionable state laws so that states would not get away with doing whatever they want in areas the Constitution was lacking.

The action by the 1965 Voting Rights Act described above is in line with this veto suggestion because it was passed mainly with the Southern States as these states had been limiting the rights of Black people to vote through some state legislature and intimidation. Justice officers being allowed to go into communities to register voters was to counteract this.

Read Lincoln's Gettysburg Address. Is it primarily an appeal from ethos, pathos, or logos? ​

Answers

Answer:

Answer is Pathos

Explanation:

He is trying to get them to stimulate emotions to end the war and to remember the dead soldier's legacy.

I hope this helped :)

1. PART A: What does the word "occlude" mean as it is used in
paragraph 13?

Answers

Occlude means to stop, or close up

10. Penance in the Catholic Church was a
A. privilege granted for good deeds.
B. rite given at different life stages.
C. consequence for sin.
D. period of time after death.

Answers

Answer:

C. consequence for sin.

Explanation:

Penance is  an act of self-abasement, mortification, or devotion performed to show sorrow or repentance for sin He did charitable work as a penance.

Penance in the Catholic Church was a consequence for sin. Option c is correct

Penance in the Catholic Church refers to a sacrament and a practice aimed at seeking forgiveness for sins committed. It is a consequence for sin, where individuals acknowledge their wrongdoing, express remorse, and seek reconciliation with God and the Church. Penance involves confessing sins to a priest, who, acting as a representative of God, offers absolution and assigns a penance, which typically consists of prayers or acts of contrition.

The penitent performs these acts as a way of making amends and demonstrating a sincere commitment to change their behavior. Penance is seen as a means of receiving God's mercy and grace and restoring spiritual well-being.

To know more about  Church here

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Question 5
People who have a career instead of a job would generally be:
Happier and feel more in control of their lives. They also feel more financially
A.
secure.
B. Smarter than others who don't have a career.
C. Sick on a daily basis.
D. High school graduates.

Answers

I believe the answer is secure! :)
The correct answer is A

Which of the following is a civic responsibility of Texas citizens

Answers

Answer:

Assuming Texas would be after it was annexed, obeying the law, paying taxes, and serving on a jury when summoned.


[tex] \sqrt[2]{a} {}^{2} [/tex]

Answers

It is math ??!!

answer: = a

4. The growth of America's industries also led to serious environmental pollution in the early 1900's
O False
O True

Answers

Answer:

NVM True

Explanation:

I belive it’s True ok

Select all that apply.
In what four ways did the United States change after the end of the Spanish-American War?
The added possessions meant new responsibilities for the United States.
The United States navy increased in size.
The United States involvement in international affairs decreased.
The United States involvement in international affairs increased.
Agriculture increased in the United States following the war.
Naval resources were depleted after the war.
Industry declined after the war.
The United States became one of the least productive countries on earth.

Answers

Explanation:

zoom I'd - 9038735228 pwd -97cEeT join me for talk...I m getting bored

Answer:

A

B

C

F

Explanation:

                                                         






































                                       i forgor why

What was the Battle of the Bulge?

Answers

Answer:

The Battle of the Bulge, also known as the Ardennes Counteroffensive, was a major German offensive campaign on the Western Front during World War II which took place from 16 December 1944 to 25 January 1945.

Explanation:

~Hope this helps

Tinker Air Force Base is located in the __________ region of Oklahoma A. eastern B. southern C. western D. central

Answers

Answer:

D

Explanation:

just look at it on a map, its pretty self explanatory

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