The vertical gap between the firm's Demand curve and Marginal Revenue curve get larger as the firm sells more output, this is on the grounds that the loss in absolute revenue from the main units coming about because of bringing the cost down to sell another unit gets bigger as the company's complete result increments.
The vertical gap between the firm's demand (D) curve and marginal revenue (MR) curve gets larger as the firm sells more output because of the law of diminishing marginal returns. This law states that as a firm produces more units of output, the marginal cost of producing each additional unit increases.
In the context of the demand curve, as a firm increases production, it may have to lower the price of its product to sell the additional units, resulting in a reduction in total revenue. This reduction in total revenue results in a downward sloping MR curve.
The gap between the D curve and MR curve is the difference between the price a firm would receive for an additional unit of output and the change in total revenue that results from selling that unit. As the firm produces more units of output, the price it can charge for each additional unit decreases, causing the gap to become larger.
Therefore, as the firm sells more output, the vertical gap between its D curve and MR curve gets larger because of the law of diminishing marginal returns and the resulting reduction in the price it can charge for each additional unit of output.
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After allocating cost in excess of book value, which asset or liability would not be amortized over a useful life?
A) Bonds payable. B) Patents
C) Goodwill
D) Cost of goods sold.
E) Property, plant, & equipment.
Bonds payable asset or liability would not be amortized over a useful life. The difference between FMV and book value multiplied by net assets is used to determine the amount that anything costs over its book value.
In this instance, total assets minus liabilities equal net assets. Additionally, it is not assigned to goodwill, which enters the picture in the event of an acquisition. The surplus is divided by the percentage of net assets owned, multiplied by the difference between fair value and book value. 20% of the voting common stock of an amount company was purchased by an investor corporation. The worth of an asset as it appears in a company's set of accounts is known as net book value or net asset value.
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Why should email marketers remove from their email list any consumers who have not opened an email for several months?
Removing consumers who have not opened an email for several months from an email list can help improve email marketing performance.
This is because these consumers are considered inactive or disengaged, and sending emails to them may result in high bounce rates, low open rates, and decreased deliverability.
By removing these inactive subscribers, email marketers can focus their efforts on engaged consumers who are more likely to open and engage with their emails, resulting in higher response rates and better return on investment.
Additionally, sending emails to inactive subscribers can negatively impact the sender's reputation and delivery rate, potentially leading to the emails being marked as spam or filtered into the recipient's junk folder.
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Which type of substantive analytical procedure develops an expectation using items of data (e.g. financial data and/or non-financial data) from one or more time periods or sources to calculate an amount?
Predictive analysis
Trend analysis
Data analysis
Ratio analysis
Predictive analysis procedure develops an expectation using items of data from one or more time periods or sources to calculate an amount .
Option a is correct .
Predictive analytics calculates the likelihood of future outcomes based on prior data using data, statistical algorithms, and machine learning techniques. In addition to comprehending what has previously happened, the goal is to offer the most accurate forecast of what will happen in the future.
Predictive analytics algorithms can be used to find relationships between sensor readings. For instance, the combination of a machine's temperature reading and the amount of time it consumes excessive power could put the equipment at risk for downtime. To forecast future states, use sensor values.
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The inflation rate in the US is 2% and -2% in Japan (deflation in Japan) The real exchange rate ($/yen) is appreciating by 2%.
a. (10 points) What is the implied change in the nominal exchange rate ($/yen)? Please show work. Explain the intuition of your result.
b. (10 points) Suppose that Bank of Japan (BOJ) successfully rids the economy of deflation so that the new rate of inflation is 2%, same as the US. Assuming all else constant, what is the implication on the nominal exchange rate? Explain the intuition of your result.
The implied change in the nominal exchange rate ($/yen) can be calculated as follows: (1 + inflation rate in US) / (1 + inflation rate in Japan) = (1 + 2%) / (1 - 2%) = (1.02) / (0.98) = 1.0408, Nominal exchange rate appreciation = (1.0408 - 1) * 100% = 4.08%
The intuition behind this result is that a country with higher inflation will see its currency depreciate relative to a country with lower inflation, all else being equal.
If the Bank of Japan (BOJ) successfully rids the economy of deflation and the new inflation rate is 2%, the same as the US, the nominal exchange rate will remain unchanged.
(1 + inflation rate in US) / (1 + inflation rate in Japan) = (1 + 2%) / (1 + 2%) = 1.02 / 1.02 = 1
Nominal exchange rate appreciation = (1 - 1) * 100% = 0%
The intuition behind this result is that if both countries have the same inflation rate, there will be no relative change in the value of their currencies, so the nominal exchange rate will remain unchanged.
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sharpshooter productions needs help checking the accuracy of their balance sheet. the firm reports the following: entry value entry value cash and marketable securities $207,880.00 goodwill and other assets $85,410.00 accounts payable $81,760.00 net fixed assets $469,590.00 common stock $100,000.00 notes payable $66,010.00 retained earnings $514,490.00 long-term debt ????? accounts receivable $287,050.00 inventory $122,770.00 what is the long-term debt for sharpshooter for the financials to be correct?
The long-term debt for Sharpshooter is $373,610 so the financials are correct.
Long-term debt is defined as having a maturity date of more than a year, and it is typically treated differently from short-term debt. Long-term debt is an asset for the holders of the debt but an obligation for the issuer to repay.
Cash and marketable securities = $ 205,150.00
Net fixed assets = $ 454,350.00
Goodwill and other assets = $ 81,050.00
Inventory= $ 125,760.00
Accounts Receivable = $ 278,615.00
Total assets = $ 1,144,925.00
Common stock = $ 100,000.00
Retained Earnings = $ 523,000.00
Stockholders' equity = $ 623,000.00
Total liabilities = Total assets – Stockholders’ equity
= $1,144,925 - $623,000 = $521,925
Long-term debt = Total liabilities – Accounts payable – Notes payable
Long-term debt = $521,925 - $82,815 - $65,500
= $373,610
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duela dent is single and had $179,200 in taxable income. using the rates from table 2.3, calculate her income taxes. what is the average tax rate? what is the marginal tax rate?
a) Average Tax Rate = 21.78%
b) Marginal Tax Rate = 32%
The tax rate in a tax system is the proportion at which a company or individual is taxed. Statutory, average, marginal, and effective tax rates are just a few ways to be displayed. These rates can also be displayed using the inclusive and exclusive definitions of a tax base.
The proportion of the total amount of taxes paid to the overall tax base stated as a percentage is known as the average tax rate. The income tax rate set at a higher rate for incomes above a specified higher bracket is known as a marginal tax rate. The amount of additional tax paid for each new dollar of income received is known as the marginal tax rate. Total taxes paid divided by total revenue earned is the average tax rate.
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what it means to be a consumer of scholarly research
Being a consumer of scholarly research means to be an individual or group who reads and uses the research findings, insights and analysis produced by scholars, academics, and researchers in various fields of study.
As a consumer, you are expected to understand the purpose, methodology, and limitations of the research, and to critically evaluate the validity and reliability of the findings before using or applying them in your work or making decisions based on them. In order to effectively consume scholarly research, you need to understand the basics of research design and methodology, as well as the principles of evidence-based decision-making. You should also be familiar with the various types of research, such as qualitative and quantitative research, and know the strengths and weaknesses of each type. It's important to note that not all research is of equal quality and relevance to your needs, so it's crucial to have the ability to critically evaluate the credibility of the research you consume. This includes assessing the qualifications of the authors, the quality of the methodology used, the robustness of the results, and the reliability of the data sources used. In addition, you should be aware of any potential biases or conflicts of interest that may have influenced the results of the research. For example, research funded by companies with vested interests may be biased in favor of their products or services. Being a consumer of scholarly research requires a certain level of expertise, knowledge, and critical thinking skills.
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"a country is always worse off when its currency is weak (falls in value)." is this statement true, false,or uncertain? explain your answer.
The statement "a country is always worse off when its currency is weak (falls in value)" is uncertain.
A weak currency can have both positive and negative effects on a country's economy. On one hand, a weak currency can make a country's exports cheaper and more competitive, which can boost its export-oriented industries. This can increase demand for the country's products, create jobs, and increase economic growth.
On the other hand, a weak currency can increase the cost of imported goods and raw materials, which can raise prices for consumers and make it more expensive for businesses to operate. This can reduce demand, cause inflation, and slow down economic growth.
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because inflation was not a serious problem during the great depression, keynesʹs analysis assumed
Keynes' analysis during the Great Depression assumed that inflation was not a serious problem because the main concern at the time was the high unemployment rate and the contraction of the economy.
Instead, Keynes focused on increasing aggregate demand through government spending and lowering interest rates to stimulate investment and consumption.
He believed that a lack of demand was the primary cause of the economic crisis, and that government intervention was necessary to jumpstart the economy and get it back on track. In his famous work, "The General Theory of Employment, Interest, and Money," Keynes argued that the role of the government was to provide the necessary stimulus to get the economy moving again.
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in a discussion of microeconomics, which of the following would exert the most influence on an individual firm's decision to hire workers? group of answer choices the product labor demand and supply in the market the firm's income household's income
The firm's demand for labor is a derived demand; it is derived from the demand for the firm's output.
what is demand?
Demand is an economic concept that refers to a consumer's willingness to buy goods and services and to pay a certain price for them. Likewise, a decrease in the price of a good or service increases the quantity demanded. Requesting number is a very familiar concept to consumers and businesses because it makes sense and of course it happens almost every day. For example, shoppers who are interested in the products that interest them will buy more when product prices are low. If something happens that drives prices up, such as B. a change of season, buyers buy less or not at all. In general, there is market demand and aggregate demand. Market demand is the total quantity that all consumers in a market want for a given good.
Aggregate demand is the aggregate demand for all goods and services in the economy. Demand management often requires multiple inventory strategies.
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how effective has peterson been in taking charge of the hanover startup, in terms of managing the new operation and of providing leadership?
Peterson was very effective in the taking charge the leadership of the Hanover startup. He provided very strong leadership and then guided the company through the initial stages of establishing a new operation.
He was involved in developing of the vision for the business, building a team of experienced professionals and then creating a culture of innovation and excellence. Peterson has also been successful in raising the capital, forming strategic partnerships and building market share also. His track record speaks for itself and thus it is clear that he was an effective leader in getting the Hanover startup off the ground.
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if the government imposes a tariff on imports of cheese, the price and quantity of imported cheese will most likely change in which of the following ways? if the government imposes a tariff on imports of cheese, the price and quantity of imported cheese will most likely change in which of the following ways? price will decrease; quantity will decrease price will decrease; quantity will increase price will increase; quantity will not change price will increase; quantity will decrease price will increase; quantity will increase
In a situation wherein the government decides to impose a tariff on the cheese imports, the price of the cheese will most likely increase, whereas there will no change in the quantity. Therefore, the option C holds true.
The prices of commodities, like cheese in the above case, is determined by the number of factors such as the costs derived by the firms to produce the products. The quantity demanded and supplied is hugely determined by the price of the products. In normal conditions, when the prices increase, the demand for essential goods and services remains constant.
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emmitt had the following final balances after the first year of operations: assets, $36,300; stockholders' equity, $14,900; dividends, $3,400; and net income, $9,200. what is the amount of emmitt's liabilities?
The difference between these two amounts represents the number of liabilities the company owes to others, which in this case is $21,400.
It's worth noting that the company also has $3,400 in dividends and $9,200 in net income for the first year of operations. Dividends are payments made to shareholders out of the company's profits, while net income is the company's total revenue minus its total expenses.
The number of Emmitt's liabilities can be calculated using the equation:
Assets = Liabilities + Stockholders' Equity
We have the values for Assets and Stockholders' Equity, so we can substitute and solve for Liabilities:
Liabilities = Assets - Stockholders' Equity
Liabilities = $36,300 - $14,900
Liabilities = $21,400
Therefore, Emmitt's liabilities are $21,400
Emmitt's financial statement shows that the company has $36,300 in assets and $14,900 in stockholders' equity.
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are consumer expectations capable of influencing his adoption in the united states? in which ways should patients/consumers engage in their care using his?
They can affect HIS implementation in the US since they are promoting reimbursement, continues to claim the inquiry.
The consumers are who?They are individuals or other types of organizations who make use of a product or service. Things considered, they don't sell the goods they purchased. They are the final recipients of products and services in the distribution network. In reality, the buyer may not always be the customer.
Patients should fully utilise HIS, such as telemedicine or Aetna Health's teleconsultation services, in the event that they are unsure about what they should do and lack the time to visit a primary care physician.
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a. streamlines operations which saves money for the company. b. helps the company respond to changes quickly. c. automates reporting which makes the role of the managerial accountant obsolete in turn saving money. d. replaces different software allowing for more uniformity across functions and regions.\
With the exception of c. automating reporting, an ERP has all of the above benefits, which together result in cost savings by eliminating the need for managerial accountants.
The work of managerial accountants changes along with the business environment. These accountants provide management guidance on a variety of areas and are increasingly involved in decision-making. This is how the role of management accountants has changed and grown.
Management accountants are employed by public companies, private businesses, and governmental agencies. In addition to tracking and crunching the numbers, they are in charge of risk management, investment selection and management, budgeting, planning, strategy, and decision-making.
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Complete Question:
All of the following are advantages of an ERP except?
a) automates reporting which makes the role of the managerial accountant obsolete in turn saving money
b)streamlines operations which save money for the company
c)helps the company respond to changes quickly
d)replaces different software allowing for more uniformity across functions and regions.
for 2019, what was alpha’s cash flow from investing?
Alpha Tau Medical Cash Flows from Investing Activities 2020-2022. Investing cash flow can be defined as the total change in cash resulting from a company's investments.
Cash Flows from Investing Activities (CFI) is a section of the statement of cash flows that shows how much money was generated or spent in various investment-related activities over a given period of time. . Investing activities include purchasing physical assets, investing in securities, or selling securities or assets.
Negative cash flow is often a sign of poor company performance. However, negative cash flow from investing activities may be due to large amounts of cash being invested in the long-term health of the business. B. Under research and development. Investing cash flow is the section of the cash flow statement that shows cash generated or spent in connection with investing activities.
Investing activities include purchasing physical assets, investing in securities, or selling securities or assets.
Negative cash flow from investing activities may not be a bad sign if management is investing in the long-term health of the company.
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gdp can be calculated by all of the following methods except
All of the following techniques, with the exception of: Adding up all consumer and business revenue and expenditures.
The total cost of the goods or services purchased is the expenditure. Consider a scenario where a business spends $10 million on equipment with a 5-year expected lifespan. A capital investment of $10 million would be considered for this. Any purchase made with money is referred to be an expenditure, and vice versa. Public spending cuts must come after tax reduction strategies. Their defence spending needs to be cut. Costs associated with clothes are allowable as a trade or business expense. One must incur costs in order to make an income. Spending, on the other hand, describes the expenditures associated with improving or acquiring assets for the business.
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online trading communities that bring together buyers and supplier organizations go by what three names?
Online trading communities that unite buyers and supplying organizations are B2B markets, electronic markets, and trading exchanges. The advantages of online trading include the following:
Convenience: the ability to trade from anywhere with an internet connectionAccessibility improvements: 24/7 availabilityBetter pricing: access to a wider range of products and servicesEnhanced product information: detailed product descriptions and reviewsGreater transparency: it's easier to compare prices and make an informed decisionOnline Trading refers to the buying and selling of goods and services over the internet. It is a type of e-commerce that allows businesses and individuals to buy and sell products and services without requiring physical interaction. The development of online commerce has revolutionized the way we do business, making it possible to trade with people and organizations from all over the world with just a few mouse clicks. Online commerce has many benefits including 24/7 accessibility, convenience, and increased transparency in pricing and product information. Additionally, online trading platforms such as B2B marketplaces and trade exchanges have emerged as a popular way for buyers and supply organizations to connect and transact with each other.
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cao dewang, the chairman of fuyao glass industry group co. ltd. (fuyao), was reviewing his company’s financial results for the first half of 2018, when he confidently asserted:
Cao dewang, the chairman of fuyao glass industry group co. ltd. (fuyao), was reviewing his company’s financial results for the first half of 2018, when he confidently asserted: "I’m really satisfied with our performance under the conditions we face this year. Because this year a lot of businesses are suffering.
We basically relied on our technology and we worked together with our customers to achieve our goals.
This year’s first half results are better than last year’s. The main reason is our foreign investments: this year they are profitable; last year they lost money…. They call me a hick. I don’t care. They tell me to go onto the internet anddo P2P, build a financial platform. I’m sure I could make money.But I tell them I’m not in itfor the money."
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if the demand curve is QD= 10−2P, then what is the lowest price at which no consumer is willing to buy the good is?
a. 10
b. 2
c. 7
d. 5
Demand curve is Qd = 10 - 2P. The lowest price at which no consumer is willing to buy can be calculated. At this price quantity the lowest price at which no consumer is willing to buy the good is 5
A demand curve is a graphical illustration of how a change in price affects the demand for a product. Demand and price of a good are inversely related, provided that other factors remain constant.
A downward or upward movement represents any change in demand brought on by a drop in price or an increase in price.
When the product requirement rises or falls, the curve shifts to the right or the left. Consumer income, consumer preferences, consumer expectations, and the supply of goods all affect demand in addition to price. The relationship between the cost of a good or service and the quantity demanded over a specific time period is represented graphically by the demand curve.
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do you think the introduction of myra is a good idea for the us economy?
The US Treasury Department's introduction of Myra is intended to encourage consumers who do not have a traditional 401(k) or Roth IRA to save for retirement. The program may be noble, but its shortcomings far outweigh its pros.
With limited investment opportunities and his $15,000 lifetime contribution cap, the program is the financial equivalent of his Groucho Marx joke about a doubly cursed restaurant.
The food is bad and the portions are small. Of course, you'll need to make a major overhaul of your retirement plans.
Most Americans either have no retirement savings or don't have enough savings by age 65. A 2015 Federal Reserve report found that 31% of those still working said they had no retirement savings or pension at all. According to a 2013 report from the National Retirement Savings Institute, the average savings for employees approaching retirement age is just $12,000.
According to the 2015 Federal Reserve Report, many small businesses still don't offer their consumers a 401(k)-like retirement plan, and 42% of people don't use it to save for retirement. cited as a reason.
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imagine you have a credit card balance of $1,000 that you would like to pay off within one year. the annual interest rate on that credit card is 16%, but interest compounds monthly, and you are required to make a payment each month. what amount would you have to pay monthly to pay off this balance within one year?
You would have to pay $70.89 per month for 12 months to pay off the $1,000 credit card balance with 16% annual interest compounded monthly.
To calculate the monthly payment amount required to pay off a $1,000 credit card balance with 16% annual interest compounded monthly, you can use the formula for a fixed monthly payment, P:
P = A / (((1 + r)^n - 1) / (r * (1 + r)^n))
where:
A = $1,000 (the initial balance)
r = 16% / 12 = 1.33% (the monthly interest rate)
n = 12 (the number of payments over a year)
Plugging in the values, you get:
P = $1,000 / (((1 + 0.0133)^12 - 1) / (0.0133 * (1 + 0.0133)^12))
P = $1,000 / (0.1659 / 1.1803)
P = $1,000 / 0.1407
P = $70.89
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question 3 which is not a type of review? a. walkthrough b. inspection c. informal review d. management approval
The correct option for not a type of review is a. walkthrough.
Covidence offers support to those who conduct various types of reviews. A basic description of a couple of the more popular review types is provided below.modification on June 28, 2022 comprehensive literature reviews (SLRs)SLR's endeavour to assemble all eligible empirical data in order to supply a response to a specific, clearly stated research question. In order to minimise bias, an SLR uses specified, repeatable systematic techniques. The outcomes are therefore more reliable and can be used to form judgements and take decisions.The first phases in the process are to develop a research question and a technique, or research strategy. A review team uses a very careful search strategy to find studies that can address
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a sole proprietorship: multiple choice is designed to protect the personal assets of the owner. may earn profits that are subject to double taxation. requires the owner to be personally responsible for all of the company's debts. is the least represented type of firm in the u.s. today. provides the same benefits to owners that a limited liability company does.
A sole proprietorship: requires the owner to be personally responsible for all of the company.
What is a sole proprietorship?A sole proprietorship is a type of business structure where the owner and the business are considered the same entity.
It is not designed to protect the personal assets of the owner, as the owner is personally responsible for all of the company's debts.May earn profits that are subject to "single taxation" rather than "double taxation" as the business's income is considered the owner's personal income.It is one of the most common types of business structures in the U.S. today.It does not provide the same benefits to the owner as a limited liability company, as the owner is personally liable for all debts and obligations of the business.Read more on sole proprietorship here:https://brainly.com/question/4442710
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assume instead that the government buys $10,000 of securities. what is the immediate effect on the m1 measure of the money supply?
The immediate effect of the government buying $10,000 of securities on the M1 measure of the money supply is an increase.
M1 includes currency in circulation, traveler's checks, demand deposits, and other checkable deposits. When the government buys securities, it pays for them by writing a check, which increases the demand for deposits in the banking system. This results in an increase in M1. So, in this scenario, the M1 measure of the money supply would increase by $10,000.
M1 is a measure of the money supply that includes the most liquid forms of money, such as currency in circulation, traveler's checks, demand deposits, and other checkable deposits. These forms of money are easily accessible and can be used to make transactions immediately.
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what types of service information have you had to provide your clients? explain how you made sure it was easily understood.
There are four main types of service information: verbally, physically, by phone and in writing. At any point during the week, we always face at least one problem.
Understanding how to communicate in these areas is one of the most delicate skills an employee can acquire.
When face-to-face is the best means of communication. Face-to-face communication is often an effective strategy for managing conflict in the workplace and handling difficult conversations. Taking the time to have a personal conversation conveys sincerity, honesty, and verbally.
Her four main styles of communication are: Passive, Aggressive, Passive-Aggressive, Assertive.
The communication process involves understanding, sharing, and meaning, and is made up of eight key elements: Source, Message, Channel, Receiver, Feedback, Environment, Context and Interference.
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shows information on the demand and supply for bicycles, where the quantities of bicycles are measured in thousands. Price Quantity Demanded Quantity Supplied $120 50 36 $150 40 40 $180 32 48 $210 28 56 $240 24 70 Table 3.6 a. What is the quantity demanded and the quantity supplied at a price of $210? b. At what price is the quantity supplied equal to 48,000? c. Graph the demand and supply curve for bicycles. How can you determine the equilibrium price and quantity from the graph? How can you determine the equilibrium price and quantity from the table? What are the equilibrium price and equilibrium quantity? d. If the price were $120, what would the quantities demanded and supplied be? Would a shortage or surplus exist? If so, how large would the shortage or surplus be?
The quantity demanded at a price of $210 is 28,000 and the quantity supplied is 56,000.The price at which the quantity supplied is equal to 48,000 is $180. The graph below shows the demand and supply curve for bicycles. If the price were $120, the quantity demanded would be 50,000 and the quantity supplied would be 36,000.
a. The quantity demanded at a price of $210 is 28,000 and the quantity supplied is 56,000.
b.According to the information, the price at which the quantity supplied is equal to 48,000 is $180.
c. The graph below shows the demand and supply curve for bicycles. The equilibrium price and quantity can be determined from the graph by finding the intersection point of the demand and supply curves. The equilibrium price and quantity can also be determined from the table by matching the quantity demanded to the quantity supplied for a given price. The equilibrium price and quantity from the table are $180 and 48,000, respectively.
d. If the price were $120, the quantity demanded would be 50,000 and the quantity supplied would be 36,000. This would create a shortage of 14,000 bicycles.
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the process of defining the objectives of a company and then developing a method to achieve those objectives is known as blank .multiple choice question.strategic planninga swot analysisthe marketing conceptthe marketing mix
Strategic planning.
The process of defining a company's goals and developing a plan to attain them is known as strategic planning. It entails evaluating the organization's strengths and weaknesses, opportunities, threats, and existing situation before deciding on the best course of action. The resulting plan offers direction and advice for decision-making, assisting the business in efficiently allocating resources and maintaining progress toward its objectives. An effective strategic plan can boost productivity, promote growth, and offer a business a competitive edge.
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'Market management is the key element for a business' Justify this statement with an example.
Answer:
Explanation:
Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.
Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.
An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.
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the united states, which has a very capitalistic economy, has introduced social welfare programs such as social security. china, which is a communist country, has adopted many capitalist practices. one can conclude that:
One can conclude that pure communist or capitalist countries rarely exist today. Many people think of the American political-economic system as being democratic and capitalist.
A political-economic, and social system and ideology based on a tripartite structure of a market-driven economy that is predominately based on a democratic polity is known as democratic capitalism, also referred to as communist democracy. The USSR serves as the paradigmatic illustration of a centrally planned economy. In a command economy, as opposed to a free market economy, where autonomous agents choose the price and allocation of resources, goods, and services, these decisions are made by the government.
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