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wrote...
Posts: 235
A month ago
What factors contributed to the decline of centrally planned economies?

Which economic system strives toward low unemployment, low poverty, steady economic growth, and an equitable distribution of wealth?

Laissez-faire economics calls for less government interference in commerce and what else?

Countries with the greatest amount of freedom tend to have what?
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wrote...
Posts: 214
4 weeks ago
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1.   Q: What factors contributed to the decline of centrally planned economies?
A: Factors that contributed to the decline of centrally planned economies include: (1) failure to create economic value, (2) failure to provide incentives, (3) failure to achieve rapid growth, and (4) failure to satisfy customer needs.

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2.   Q: Which economic system strives toward low unemployment, low poverty, steady economic growth, and an equitable distribution of wealth?
A: The goals of a market economy are low unemployment, low poverty, steady economic growth and an equitable distribution of wealth.

Quote
3.   Q: Laissez-faire economics calls for less government interference in commerce and what else?
A: This approach not only called for less government interference, but also greater individual economic freedom.

Quote
4.   Q: Countries with the greatest amount of freedom tend to have what?
A: Countries with the greatest economic freedom tend to have the highest standard of living.
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