The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
supply and demand
Market economy
market or market economy
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
the government.
supply and demand
According to free market laws are made based on producers of goods and services in a free market. In a free economy government has very little market intervention.
Market economy
market or market economy
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
The people in the market make these decisions on an individual basis.
Companies in a market economy make decisions based on supply and demand. An example of a sentence using the term "market economy" is "The opposite of a market economy is a planned economy, wherein decisions are made based on a preconceived plan without regard to supply and demand. "
Free market economy