Command Economy
How many bracelets did you make?
"5"
Oops i told you to make 6 no points for you :)
Great job at work today! You really worked hard
Plus 200 for you!!!
What's a similarity between the command and market economy (government)
Both economies are run by the government.
What's a difference between the command and market economy (government)
The government is more strict and provides for the citizens in a command economy but the government just sets laws to keep the country safe and let producers make their own decisions.
What is Targeted marketing
dividing markets based on geography, companies can tailor their marketing efforts to specific regions.
What is the primary goals or focus of the command economy?
security and equity.
What is the primary goals or focus of the market economy?
Freedom and efficiency.
What's a similarity between the command and market economy (How do they make money)
They both sell goods/have producers
What's a difference between the command and market economy (how do they make money)
The government gives the producers money in a command economy but in a market economy producers do it themselves.
Why is Geographics important in marketing?
Marketers often use geographic segmentation to explore market potential in a given area or to optimize distribution channels.
What is the role of the government in the command economy?
to make sure the citizens have enough resources to work and to provide for the citizens. The government also makes sure everything goes the way they have planned.
What role does the government have in a Market economy?
The government protects the country by placing certain laws to make people safe and satisfied. But they let everyone do their own work and just try to make sure the country is safe.
What's a similarity between the command and market economy (who gets there product)
They both have consumers buying there product.
What's a difference between the command and market economy (who gets there product)
The producers in a command economy are told what to make and they make it and sell it but in a market economy, producers can make things and try to aim for different types of people (social class, likings, style)
What is an example of geographic marketing?
Promoting dog walking services in a densely populated, urban area.
Whats a benefit the command economy has?
They can be lazy and not have to work as hard because they still get the same amount of pay. They also get a free living space. There's equal pay and products are cheap
What is a benefit in a market economy has?
There's freedom and rewards for hard work. You can make your own choices. There's a higher standard of living and many resources available.
What's a similarity between the command and market economy (income)
There both are getting money from making goods.
What's a difference between the command and market economy (income)
The command economy is payed by †he government and the market economy makes there own money.
What is the importance of marketing geography?
prepare a systematic plan for regional development,
Whats a drawback in the command economy?
There are no rewards for showing hard work and very little power for the workers. Also, the government gives limited resources and there's very limited opportunity for workers.
Whats a drawback of the market economy?
Sometimes people can go poor and not be able to find work and have little money and the market can get very competitive which can make it hard to find jobs.
What's a similarity between the command and market economy (what are they trying to get)
They are both trying to accumulate wealth.
Whats difference between the command and market economy (what are they trying to get)
The command economy is just trying to stay healthy and live and they don't really have to care because they are going to get payed by the government but the market economy is working hard and trying to get more customers to buy there product.
What's the definition of economics?
The production distribution and consumption of goods and services in society.