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The Demise of the Command Systems
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Aug 26 2008, 4:54 AM EDT
welkerjason
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The coordination problem was posed when industries were unable to logically coordinate the products between different industries. The outputs of many industries were also inputs
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Aug 30 2007, 6:47 AM EDT
mrdaily
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In the command systems of the Soviet Union and China before its market reform there was furthermore, no entrepreneurship. Innovation was actually twarted by the
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Aug 23 2007, 9:56 PM EDT
annieycsung
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targets that were important.
targets.
As a result, workers and producers would concentrate more on the number of products made than the quality of the products. For example, if an industry was ordered to make iron rods according to length, then the workers would
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Aug 23 2007, 9:53 PM EDT
annieycsung
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The coordination problem was posed when industries were unable to logically coordinate the products between different industries. The outputs of many industries were also inputs
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(Word count: 331)
Aug 23 2007, 9:30 PM EDT
KristieChung
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Aug 23 2007, 9:30 PM EDT
KristieChung
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A cause of the incentive problem was that managers who were in charge of the production of goods received rewards for reaching assigned production goals,
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Aug 13 2007, 11:02 PM EDT
welkerjason
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The Coordination Problem
The Incentive Problem
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Aug 13 2007, 11:01 PM EDT
welkerjason
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Course Information
Intro to Economics and Microeconomics
Unit 1: Introduction to Economics
Chapter 1 - Limits, Alternatives and Choices
Chapter 2 - The Market System and the Circular Flow
Economic Systems
Characteristics of the Market System
Five Fundamental Questions
The Invisible Hand
The Demise of the Command Systems
The Circular Flow Model
Chapter 5 - The United States in the Global Economy
AP Econ in the News - Basic Economic Concepts
Student Thought Forum - Basic Economic Concepts
Unit 2.1 Markets, 2.2 Elasticities and 2.2.1 Consumer Choice
Unit 2.3: Theory of the Firm
Unit 2.4: Market Failure and the Role of Government
Unit 2.5: Resource Markets (AP only)
FRQ topics - Microeconomics
Macroeconomics
International Economics
Development Economics
Resource Page for Economics Students and Teachers
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