Explore BrainMass

Explore BrainMass

    market system differ from the command system

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    How does the market system differ from the command system in addressing the economizing problem?

    © BrainMass Inc. brainmass.com May 20, 2020, 9:01 pm ad1c9bdddf

    Solution Preview

    In the market system companies make decisions based on the consumer demand of a good. They act individually to maximize their profits and this maximizing profits determines the quantity of the product that they will produce as well as the price.

    In a command system a ...

    Solution Summary

    This solution contrasts the market system from the command system.