ChieffedBunnie ChieffedBunnie
  • 26-01-2016
  • History
contestada

Why did Adam Smith insist that a market economy (capitalism) would produce consumer goods more efficiently than a command economy?

Respuesta :

WorldlyGlass49
WorldlyGlass49 WorldlyGlass49
  • 06-02-2016
He claimed that a market economy would be based on the "supply and demand" rule.Suppliers, producers, and distributors, would strive to produce and provide the public what the public wants at a best possible price. This however would not occur in a command economy.
Answer Link

Otras preguntas

7) A 3-gram gold ring occupies a volume of 0.341 cubic centimetres (cc). Find the mass density of gold, expressed as the unit rate of mass, in grams, to volume,
What is it called when the audience know something the characters don't?
Is glass biotic or abiotic
A horizontal force of 200N is applied to a 55kg cart across a 10m level surface. If the cart accelerates at 2.0m/s^2, then what is the work done by the force o
In which one of the following sentences is the semicolon used correctly? A. Donald has three sisters; Carla, Donna, and Maggie. B. Whenever I feel afraid; I thi
In which one of the following sentences is the semicolon used correctly? A. Donald has three sisters; Carla, Donna, and Maggie. B. Whenever I feel afraid; I thi
Which of the following is not a true statement regarding the writing process? A. It can be used to develop any type of writing. B. It can guide the author from
What is 15/100 in simplest form
how does hydrogen ion change into hydrogen atom plz answer as fast as you can
one fourth of the opposite of the difference of five and a number is less than 20