ChieffedBunnie ChieffedBunnie
  • 26-01-2016
  • History
contestada

Why did Adam Smith insist that a market economy (capitalism) would produce consumer goods more efficiently than a command economy?

Respuesta :

WorldlyGlass49
WorldlyGlass49 WorldlyGlass49
  • 06-02-2016
He claimed that a market economy would be based on the "supply and demand" rule.Suppliers, producers, and distributors, would strive to produce and provide the public what the public wants at a best possible price. This however would not occur in a command economy.
Answer Link

Otras preguntas

x=141" 1 how do you find the measure of u given
Which function will have a y-intercept at -1 and an amplitude of 2? Rx) = -sin(x) - 1 f(x) = -2 sin(x) - 1 f(x) = -cos(x) f(x) = -2 cos(x) - 1
how did the speech contribute to our national experience? i have a dream speech
PART B: Which detail from the text best supports the answer to Part A? A “As young children, our parents, family, and caretakers make most of our health decisio
Which words share the same word root? Select three options. demand manger human command mandate
Which is currently the most supported theory about the future of the universe? A.The universe could remain exactly as it is today. B.The universe may continue t
Which of these effectively helped the independence movement in Africa in the 1900s? A) The Muslim Brotherhood helped Egyptians gain independence from Britain. B
In a 4/4 time signature, how may half notes fit in a measure ! HELP PLS
Help if you can! Thank you!
Tina has 60 grams of popcorn. She wants to give all of her popcorn to her 4 friends. She says there are 2 ways that she can give her friends the same amount?