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

x -4 ifx>4 | Rsm question
hello, please answer the question, please show work
please solve this with each step​
Read the excerpt from Monster. STEVE I don’t remember seeing him play ball. PETROCELLI You having trouble remembering what you’ve seen? STEVE No, but I’ve seen
waves disturb a medium by causing the particles to_____.
C(i). A body weighs 600g in air and 400g in water. Calculate; i. Up thrust of the body ii. Volume of the body iii. Relative density of the solid iv. Density of
Sara enters into a contract to sell her vacation condo to Ted for a certain price on a specific day. On that day, Sara unconditionally offers to perform. Sara’s
The vertices of quadrilateral ABCD are (-6,6),(3,6),(3,-6) and (-3,-3) Quadrilateral EFGH will be a dilation if quadrilateral ABCD with a scale factor of 1/3 At
4. Your Blood Alcohol Concentration depends on ________________.
Ryan's annual salary is $54,000. A total of $15,340.80 will be deducted for taxes and health insurance. He will receive his paycheck monthly in 12 equal install