xavihernandez1919 xavihernandez1919
  • 04-02-2021
  • Social Studies
contestada

What is one difference between Market and Traditional economies?

Respuesta :

kalanieberling
kalanieberling kalanieberling
  • 04-02-2021

Answer:

A traditional economy is a system that relies on customs, history, and time-honored beliefs. ... 2  A market economy is a system where the laws of supply and demand direct the production of goods and services. A command economy is where a central government makes all economic decisions.

Explanation:

Answer Link

Otras preguntas

Tools, buildings, and labor are examples of _____.
Which export grown by colonists during the 1600s and 1700s became most important to england?
This is a model of a normal chromosome
Find 1112+(−712)1112+(−712). Write your answer as a fraction in simplest form.
Give an example of an informal structure in a bureaucracy and explain why it might have a positive effect on the bureaucracy’s operations.
If your BAL is .07, you can expect a ____ drop in complex performance compared to the sober level. 36% 17% 13% 24%
Consider the exponential function f(x) = 3 and its graph. Which statements are true for this function and graph? Check all that apply. The initial value of t
Mi hermana les da los papeles ________. (1 point) Question 6 options: 1) al profesor 2) del profesor 3) a los profesores 4) de los profesores
_____ is system of government by privileged citizens or the upper class.
which graph represents a circle with equation x2 + y2 = 9