The modern theory of economic systems employs three criteria for the definition of an economic system: Criterion of ownership and control: who participates in the process of economic planning, decision-making, as well as controlling production, distribution and consumption?Criterion of information and coordination: with the help of which system of information are individual decisions coordinated?Criterion of motivation: what motivates economic actors in setting up and pursuing their goals?
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- The Market Economy and its Ethical Infrastructure
- Palgrave Macmillan UK
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