Explain how is us economy different from a command economy

Reference no: EM131226787

Microeconomics

Assignment: Capitalism and the U.S. Economy

In a command or planned economy, the government, not the market, regulates the factors of production and economic activities considered essential to the function of the economy. Economic decisions including what goods and services to produce (supply), how resources are allocated and regulated and how profits are distributed are made and implemented by the government.

How is the U.S. economy different from a command economy? Can the U.S. economy be called a true free market economy? Explain your answer by discussing the ways in which the federal government interacts with and regulates the U.S. economy in the context of both a command and free market economy.

Provide examples and justify your conclusions. Quotations, paraphrases, and ideas you get from books or other sources of information should be cited using APA style.

Reference no: EM131226787

Questions Cloud

Estimate the knee voltage of the zener : what is the maximum load current for which the Zener remains in breakdown operation? For half this load current, what is the lowest supply voltage for breakdown opera-tion?

New pre and post-money values of the venture : If the entrepreneur is confident the company is currently worth 25% more and needs to raise $500,000, how many shares will he sell? What are the new pre- and post-money values of the venture?

Establish a total diode-string voltage of 4.0 v : A series string of 5 diodes is connected through a resistor it to a 10 V supply. For diodes having 0.7 V drop at 1 mA and a 0.1 V/decade characteristic, find R required to establish a total diode-string voltage of 4.0 V.

Annual return over year period : You bought a racehorse that has had a winning streak for six years, bringing in $250,000 at the end of each year before dying of a heart attack. If you paid $1,155,720 for the horse 4 years ago, what was your annual return over this 4-year period?

Explain how is us economy different from a command economy : How is the U.S. economy different from a command economy? Can the U.S. economy be called a true free market economy? Provide examples and justify your conclusions. Quotations, paraphrases, and ideas you get from books.

Determine the low frequency closed loop gain : Determine the frequency f180 at which the phase of T ( f ) is -180 degrees.- Using the results of part (b), determine the low-frequency closed-loop gain Af (0).

What might happen to the market price as greater barriers : How do barriers to entry impact the level of competition in a market? What might happen to the market price as greater barriers to entry come into existence?

Identify the risks associated with the proposed policy : Describe the goals of the involved parties in preparing the draft. What influence efforts (if any) do you see represented in the draft? What additional influence efforts might you recommend to convince decision makers to consider the proposed chan..

Estimates that the end-of-the-year tuition : Otto is planning for his son's college education to begin ten years from today. He estimates that the end-of-the-year tuition, books, and living expenses to be $10,000 per year for a four-year-degree.

User Account

All Pages