Log in
Economics
2
answers
0
watching
70
views

List three reasons that firms exist. Do any of the reasons imply that the command and control of centrally planned economies is the appropriate form? What are the similarities and differences between firms and centrally planned economies?

Watch
2
answers
0
watching
70
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Kristelle Balando
Kristelle BalandoLv10
28 Sep 2019
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

In an economy in which decisions are guided by prices and individual self-interest, there is: 

 

(i) the need for a third party intervention such as that of a government. 

(ii) the potential to optimize efficiency in production. 

(iii) less efficiency compared to what would be in a command economy. 

(iv) the need for a strong authority to regulate individual greed that what would be required in a centrally planned economy.

 

Directions: Research three different models of competition between firms that are highly interdependent (note: there are over a dozen so you should have no problem finding many different models to examine). Discuss the similarities and differences between these special models. Be sure to explain the different circumstances where one model might be more appropriate to use than another. 

Describe the key structural differences between the economies of the United States and China. What are the main sources of economic growth in each of these economies? [Structural differences could be due to factors of production, macroeconomic policies, demography, socio-economic environment, etc.] How do these differences impact the countries' economic growth rates and development indicators?[You can cite data, talk about development/social measures that are different across these countries due to differences in economic growth.]

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in