The characteristics of command and market economies, Business Economics

QUESTION

(a) What are the characteristics of command and market economies?

(b) In a number of countries in recent years, there has been a movement towards a greater reliance on the market system. Assess to what extent this trend is beneficial for an economy.

(c) Using appropriate examples, differentiate between public and merit goods.

(d) Explain, with the help of relevant examples, the relationship between private, external and social cost.

Posted Date: 10/26/2013 3:36:06 AM | Location : United States







Related Discussions:- The characteristics of command and market economies, Assignment Help, Ask Question on The characteristics of command and market economies, Get Answer, Expert's Help, The characteristics of command and market economies Discussions

Write discussion on The characteristics of command and market economies
Your posts are moderated
Related Questions
What are the predictions of Lewis? For Lewis, Harrod Domar is right to emphasise the task of savings and investment although structural change and a new industrial sector are

What are the internal constraints on government action less developed countries? Internal Constraints on Government Action LDCs: • Have restricted domestic resources to ac

Corporate governance is best described as   A code for organisational direction, administration and control.

VARIOUS DEFINITIONS OF UNEMPLOYMENT

Why are many economists opposed to licensure of medical facilities and personnel?

Is low savings a problem? Countries along with low savings are caught into the vicious circle of poverty: there low savings, implies low investment low productivity therefore

Assess the impact of fiscal and monetory policy on business organisations and their activities

example of an HMO with these types of set rates

A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a

total outlay method as a measure of elasticity with application