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Which economic system is defined by a free market and private ownership?
Wiki User
∙ 9y ago
It is generally known as a market economy. In this economy, the choices are made by the people and not the government.
Wiki User
∙ 9y ago
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Are private ownership limited government involvement and private investing three characteristics of a planned mercantile free market economic system?
market
What economic system is based on private ownership and competition motivated by profit?
market economy
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of..........?
A market system.
Why must private ownership of property be guaranteed before a free market economy will work?
Private ownership of property is essential to a free market economy. Without private ownership of property a free market economy cannot exist.
Capitalism is an economic system based on?
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
What economic theory is characterized by market competition and private ownership?
free market economy. think america
Are private ownership limited government involvement and private investing three characteristics of a planned mercantile free market economic system?
market
What economic system is based on private ownership and competition motivated by profit?
market economy
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of..........?
A market system.
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of?
a Market System
Why must private ownership of property be guaranteed before a free market economy will work?
Private ownership of property is essential to a free market economy. Without private ownership of property a free market economy cannot exist.
Capitalism is an economic system based on?
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
What was the way after Mikael Gorbachev attempted to introduce a market economy?
private ownership of agriculture and industry.
Does public ownership and central planning do a better job than private business and free markets?
No. Private ownership and free market is a better system than public ownership and central planning.
Who determines what products should be produced and how they should be produced In a mixed-market economic system?
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
How a mixed market economic system who determines what product should be produce and how they should be produce?
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
In a mixed market economic system who determines what products should be produced and how they should be produced?
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
