The reading says that the relative ease with which entrepreneurs can enter and leave markets is a benefit of the free enterprise system of the United States. Could the same statement be made about a country with a command economy? Why or why not? What implications does that have for the law of supply in that country?

The correct answer to this open question is the following.

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It is correct to say that it is relatively easy that entrepreneurs can enter and leave markets in a free enterprise system of the United States.  Indeed it is one of its advantages.

However, the same affirmation cannot be applied to a country with a command economy because in a command economy the conditions are in total opposition to a free-market economy where individuals promote capitalist ideas to invest money and create companies in order to be rich.

In a command economy, it is the state the one that owns the means of production. The central government decides the kind of products to be produced, the price of the products, how to produce the goods, and the amount that is going to be produced.

The implications that this has for the law of supply in that country is that it cannot be considered because the law of supply/demand is only valid in a free market economy, not in a command economy.

overview:

this is a technology-dependent lesson that students can guide at their own pace of exploration and learning. students share what they learn through the use of twitter (or alternative classroom sharing medium like todaysmeet). the use of a social sharing platform like twitter gives students a place for sharing with a wider audience, for more effective means of communication with each other, for incorporating viewpoints from all students in the classroom, and a means to reference thinking and learning by the use of a hashtag at a later time. students will understand the role the allied air forces played in the normandy invasion. teachers can use this as a stand-alone lesson or offer more structure by guiding students through each source, one by one. teachers may learn more about the eighth air force by accessing the abmc’s strategic bombing campaign interactive.