Ask Question
Social StudiesSocial Studies
25 October, 01:54

An economic model used by governments to determine what should be produced/provided in terms of goods and services, how, and for whom.

economic system

free enterprise

+2
Answers (1)
  1. 25 October, 01:58
    0
    the answer is: Economic system

    In this system, the government tend to utilize its military authority to force the people to conform to its regulation regarding the type of goods should be produce, the price, the salary given to the employees, etc.

    One advantage of this system is it reduce the 'inequality' and economic conflict that occurs between the people.

    The disadvantage is that this system take away most of the power and freedom of the people to fully pursue their own interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An economic model used by governments to determine what should be produced/provided in terms of goods and services, how, and for whom. ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
a monarchy is indeed the most powerful of any ... but then there is eminent danger of his employing that strength to improvident or oppressive purposes
Answers (1)
Who was a great medical scholar and developed ideas about how doctors should behave
Answers (1)
How did the authors of the constitution hope the House of Representatives and senate would balance each other
Answers (1)
Lucas is hosting Thorben and several other dear friends at a housewarming party at his new home. During the tour of the new place, Thorben plunges through a trap door partially concealed by the living room carpet and falls 20 feet into the concrete
Answers (1)
How does each society determine who will consume what is produced? A. Based on economic equity B. Based on its unique combination of social values and goals C. Based on its on its needs and wants D. Based on the amount of factor payments It's not B.
Answers (2)
New Questions in Social Studies
You have a top-performing blog post that you want to republish. Which platforms should you republish it to? As many websites as possible; the more sites the more impressions the content will receive.
Answers (1)
The Student Nonviolent Coordinating Committee Question 19 options: a) initially rejected the principles of Martin Luther King Jr. b) was founded as a centralized and hierarchical organization.
Answers (1)
The absence of a dominant majority faction meant intense bargaining during the Constitutional Convention and shifting alliances led to: A. a novel, hybrid governmental system that is neither national nor confederative in nature. B.
Answers (1)
What means variety and refers to the racial, ethnic, cultural, and other differences among people? Select one: a. Diversity b. Diffusion c. Desperation d. Division
Answers (1)
What was the most common foreign language of the countries of Central Asia in the 1970s?
Answers (1)
Home » Social Studies » An economic model used by governments to determine what should be produced/provided in terms of goods and services, how, and for whom. economic system free enterprise
Sign Up Forgot Password?