How does the market system differ from the command system in addressing the economizing problem?© BrainMass Inc. brainmass.com October 25, 2018, 5:44 am ad1c9bdddf
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 ...
This solution contrasts the market system from the command system.
How does a market system differ from a command system in the economizing problem?
How does the market system differ from the command system in addressing the economizing problem?View Full Posting Details