Economies

909 views
849 views

Published on

Published in: Business, Economy & Finance
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
909
On SlideShare
0
From Embeds
0
Number of Embeds
479
Actions
Shares
0
Downloads
7
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Economies

  1. 1. Economies
  2. 2. Command Economy <ul><li>The central government regulate various factors of production. </li></ul><ul><li>The government is the final authority to take decisions regarding production, utilization of products and the allocation of the revenues earned. </li></ul>
  3. 3. Command Economy <ul><li>Generally, a CE is more stable. </li></ul><ul><li>It is least affected by financial downturns and inflations. </li></ul><ul><li>In a carefully planned CE, both production and unemployment rates remain at a reasonable level. </li></ul>
  4. 4. Market Economy <ul><li>A type of economic system in which the trading and exchange of goods, services and information takes place in a free market. </li></ul><ul><li>A market economy may therefore also be known as a free market economy. </li></ul>
  5. 5. Market Economy <ul><li>The law of supply and demand </li></ul><ul><ul><li>The market itself will determine the price of goods and services. </li></ul></ul><ul><li>Mixed economies blend market and command economies, mixing gov’t control and supply and demand. </li></ul>

×