Future Economists

Seeds of future prosperity lies in today's children,
Let's join our hands to nurture the seed,
To its fullest growth,
for the greater welfare of Society.
Let's be united to remove the
poverty and corruption.


Showing posts with label Aggregate Demand. Show all posts
Showing posts with label Aggregate Demand. Show all posts

Saturday, November 17, 2012

Transforming command economies with out lossing government control on decision making is a big challenge for these economies. As market economies requires its own set of independent institutions to regulate the production activities. Read more for details by click, and try answer following answers.


1) Define command economies.[2] 
2) Explain how command economies are different from the market economies. [6] 
3) Analyse the problems of command economies in their transformation phase to market economies. [6] 
4) Use information in the article and your knowledge of economics, discuss up to what extent government can influence the economic growth in an economy. [15]