58 704
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Other Geography Question for Victoria

Question #42569
Define the mixed economy; Traditional and Command.
Expert's answer
Traditional economy is an underdeveloped economic system, which is primarily based on subsistence-based agriculture and the production of goods for own use. Economic relations and decisions are governed by tradition and customs. This system works through bartering and trading and produces very little surplus.
Command economy is the type of economy where the decisions about product supply, prices and investments are regulated by the central authority rather than market forces.
Mixed economy is an economic system that has features of market economy and planned economy: a government imposes certain boundaries on free market to achieve social balance or limit the concentration of power. 

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