Economic Theories Use the drop-down menus to indicate the type of economy found in each country.
1. In this country, the government tells an appliance factory that it must produce a minimum of one thousand
refrigerators, People are assigned jobs at the factory based on their abilities, and the government determines
how much they will be paid. The government decides how much a new refrigerator will cost,
2. In this country, an appliance factory produces one thousand dishwashers per month. People want more of its
dishwashers because of their high quality, so the company hires additional workers. The company decides
what the workers' wages will be and how much the dishwashers will sell for. Most of the profits go to the
company's owners,

1. Command economy.

2. Capitalist economy.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Command economy.

III. Traditional economy.

IV. Capitalist economy.

A command economy also referred to as planned economy, can be defined as a type of economy in which the government owns and control the means of production.

Generally, a command economy requires that the quantity of goods, method of exchange, distribution, sales price, employees or worker's wages,  investments, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector (free market).

A capitalist economy also referred to as free-enterprise system, pure capitalism, or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a capitalist economy is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a capitalist economy is a type of economy that is completely driven by demand and supply of goods and services.

union blockade

explanation:

the union blockade in the american civil war was a naval strategy by the united states to prevent the confederacy from trading.

the blockade was proclaimed by president abraham lincoln in april 1861, and required the monitoring of 3,500 miles (5,600 km) of atlantic and gulf coastline, including 12 major ports, notably new orleans and mobile. those blockade runners fast enough to evade the union navy could only carry a small fraction of the supplies needed. they were operated largely by british citizens, making use of neutral ports such as havana, nassau and bermuda. the union commissioned around 500 ships, which destroyed or captured about 1,500 blockade runners over the course of the war.

question: write a report analyzing through articles of confederation.

answer: the articles of confederation the united states constitution was written when the people feared strong government the new nation needed some kind of organization to hold states together to them fend off future attacks and make a stronger support system through the states and people the states bonded through a friendship that best served as a defense against a invasion and states were not allowed to use taxes as a way to discourage treaties, and states were extremely limited in their dealings with foreign nations the strengths were that the congress has the highest power in the nation because of   fear of monarchy congress had the sole power to declare war and assign treaties disputes between states and territorial issues were to be brought to congress and weaknesses were the lack of power given to congress the articles gave congress the power to pass laws but no power to enforce those laws if a state did not support a federal law that state could simply ignore it congress had no power to levy taxes or regulate trade.

explanation: so like every argument they have strengths and weaknesses but in this case there were more weaknesses but they managed o get through it and make an agreement

question answered by

(jacemorris04)