The major difference between a command economy and a market economy is that a command economy is told what to do by the government. A market economy does things for the people‚ the people decide what they want. The command economy is told what to produce‚ who to produce to‚ and how to produce by the government. The market economy is told is told what to produce‚ who to produce to‚ and how to produce by the people. I think that profit is the best one because you will still have money left over after
Premium Economics Management Marketing
1. Heavy Traffic 2. Trash 3. Flooding everytime there is rain 4. High crime rates 5. Drugs 6. Poor Educational System 7. Poverty as seen in the squatter areas 8. Too much politics 9. Pollution 10. Poor healthcare what are top ten environmental problem WHAT ARE OUR TOP 10 ENVIRONMENTAL PROBLEMS? by Whit Gibbons March 26‚ 2006 Listing the top 10 of a group is always appealing. Ten most-wanted fugitives by the FBI. Top ten songs‚ books‚ and best-dressed celebrities. And David Letterman
Premium Philippines Problem solving
The Weak Agricultural Sector of the Philippines: Case Study on the Sugar Industry in Negros Occidental Trade Liberalization: Free Trade vs. Fair Trade In theory Trade Liberalization is supposed to bring about greater productivity and improve resource allocation which in effect stimulates economic activity and improves long term welfare. Using the policy of free trade there is an elimination of trade barriers such as taxes‚ tariffs and import quotas. Subsidies‚ tax breaks and other support to domestic
Premium Free trade Fair trade World Trade Organization
The Effects of Globalization in the Philippines As defined‚ the term globalization refers to the development of an increasingly integrated global economy marked especially by free trade‚ free flow of capital‚ and the tapping of cheaper foreign labor markets. Globalization has offered considerable controversial impact. It has been viewed as a process that is a key to the development of the world economy where effects are inevitable and irreversible. Some regard it with hostility‚ fear that increases
Premium Economics Globalization Unemployment
several different ways. The two main economies that seem to act as basic levels of functioning economies are command economies and market economies. These two economies work in various ways and provide interesting things for consumers and businesses. However‚ even though a command economy and a market economy have various similarities and differences‚ a market economy is ultimately more beneficial for a country. Command economies and market economies have different degrees of government
Premium Economics Economic system Capitalism
Archaeological evidence suggests that the Philippines may have beeninhabited many thousands of years before then‚ but that can’t be stated with certainty.The oldest human fossil found so far is 22‚000 years old.) Little is known of the earlyhuman settlement of the Philippines. Scientific evidence remains inconclusive. There ismuch written on the Austronesian peoples of the Southeast Asia area and their descendants. These peoples were the seafaring people who traveled to distant parts of the world
Premium Southeast Asia Philippines Indonesia
The Republic of the Philippines’ textile industry was established in the 1950s under the principle of import substitution industrialization‚ which promotes producing goods domestically rather than importing them from other countries. The textile industry comprises fiber production and the manufacturing of yarn‚ fabric and textile end-products. It consists of two sectors: the primary processing sector‚ comprising spinning‚ twisting‚ weaving‚ knitting‚ dyeing and finishing; and the secondary processing
Premium Textile Textile manufacturing United States
MARKET ECONOMY | PLANNED ECONOMY | * The market economy is not run by a high authority. Instead it is run by many individuals regarding production‚ consumption and work. * The market is free and prices can be of a wide range * The market economy is intended for a middle/upper class. This is because people can earn as much money as they want‚ upper class people don’t have to distribute a profit evenly. * The theory of the market economy is to give people the capability to earn as much
Premium Planned economy Market economy Mixed economy
The Philippine Agenda 21 What is Agenda 21? Agenda 21 is a program of action into the 21st century for bringing the Earth into a sustainable future. It was adopted by the participating governments of the world in the United Nations Conference on Environment and Development (UNCED)‚ otherwise known as the Earth Summit‚ in Rio de Janeiro‚ Brazil in June 1992. What is Philippine Agenda 21 (PA 21)? Philippine Agenda 21 (PA 21) is our own national agenda for sustainable development. It is basically
Premium Millennium Development Goals Sustainability United Nations
factional rebel sieges‚ and most recently‚ record breaking typhoons‚ the Philippines is doing surprisingly well for itself. In fact‚ The Economist Intelligence Unit reports that though the wreckage caused by last week’s Supertyphoon Haiyan will likely slow GDP somewhat‚ economic damage will not be significant‚ the Eastern Visayas region accounting for only two per cent of the country’s GDP. Economically‚ at least‚ the Philippines has had a good year: the first half of 2013 saw GDP growth at 7.3 percent
Premium World Bank Macroeconomics Political corruption