Economic System

Essay specific features

 

Issue:

Business

 

Written by:

Roger G

 

Date added:

January 1, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 515

 

Was viewed:

3742 times

 

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Essay content:

(Karl Marx). Decline: In the 80's nations began to dismantle communist central planning in favor of market based economy. Failures -economic value ,Provide incentives, Achieve rapid growth, Satisfy Consumer needs. Mixed economy Economic system in which resources are more equally divide between private and government ownership...
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(Privatization). Market Economy The majority of nations resources are privately owned. Economic decisions are determined by supply and demand. ? Origins: the belief that individual concerns should be placed above group concerns. ? Features: free choice, free enterprise and price flexibility. ? Governments role: enforcing antitrust laws, preserving property rights, providing a stable fiscal and monetary environment and preserving political stability...
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