WHO MAKES ECONOMIC DECISIONS

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It would be easier to say who does NOT make economic decisions. Almost everyone in society engages in economic decision making at some point, from the.

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4 Either or FREE MARKET ECONOMY COMMAND ECONOMY (PLANNED ECONOMY) WHO makes economic decisions The market: supply and demand.

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In a mixed economy both market forces and government decisions and, more commonly, payments made by the government to support basic needs of those.

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In a command economy, the ruling class or government makes all of the economic decisions, such as what goods and services will be.

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A dictatorship is “a form of government in which absolute power is concentrated in a dictator or a small clique.” Unlike a democracy, in which the people.

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In a traditional economy there are two types of economic decisions being made and they often conflict. There are governmental economic concerns which focus.

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