76 273
Assignments Done
Successfully Done
In May 2019

Answer to Question #53808 in Economics of Enterprise for Katie

Question #53808
Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of the second want to try more free market-based policies. Which of the following actions would likely occur in one but not the other industrializing economy?

1. Conversion of farmland from agriculture to industry
2. Export of surplus goods not consumed locally
3. Investment in loans to support independent start-ups
4. Payment of workforce based on units of production
Expert's answer

Answer in progress...

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions