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Such a market is not planned or controlled by a central authority so that people can buy and sell freely
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∙ 6y ago
Jason Vasquez Diaz
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For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What is a set of assumptions that shows how a market works?
market economy.
Write a short note on Mixed Economy?
Mix way economy is also known as mid way economy. Mix economy/ mid way, economy is one where resources are owned by the government and by the private sector. The basic question of · What to produce · How to produce & · For whom to produce Will be answered by the government and the private sector. The resource allocation will be made by both the sector. There will be government planning and private sector will take decision based on customer preference. The vast majority of countries around the world have some form of mixed economy where some resources are allocated through the price or market mechanism and other are allocated by the state. In theory, such a system is able to combine the best element of both a planned economy and a market economy. In reality the proportion of planned and market varies, with some countries placing more emphasis on market solution to resources allocations another favoring a greater role for estate for planning. One example of mix economy /mid way economy is: MAURITIUS
Which of the following describes a condition that is favorable for conducting an IPO?
A bull market.
Why is economic efficiency important to a free market economy?
Generally speaking, a company in a free market economy must set prices for its products that are "competitive" with other companies in the same line of business. If a company is inefficient in its operations, it won't be able to remain in the market of its competitors and may go bankrupt.
Which economic system best describes the United States?
The U.S. economy can be best described as socialism B. The U.S. economy is a pure market economy.
Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
What statement best describes an impact of the computer on the global economy?
2) Companies now market more products worldwide.
What economy most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
What describes an economy in which prices form the basis for economic decidions?
market
Which of the following statements most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
Is Israel a market economey?
Israel does not have the best economy and it does need a little work... but what economy doesn't
Which term describes an economy with more than one type of economic structure?
Mixed-market is the term that describes an economy with more than one type of economic structure.
What describes an economy with more than one type of economic structure?
mixed-market
Which statement best describes Venezuela's economy?
primary
