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How do you explain this sentence pure market capitalist economy?
Bonbrian
your economy is based on what you buy and how much you can sell it for later ...
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∙ 13y ago
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Is a capitalist economy market or command?
market
What type of economy is the Indian economy?
A market based (capitalist) economy.
What economy does the US have?
-a mixed market economy. trust me i just got the question wrong when i answered with capitalist -you are right it is mixed market economy. congrats for you. capitalist economy is so wrong.
What term used to describe a market economy?
Capitalist
Does Germany have a command economy or free market economy?
Neither: it is capitalist with state interference.
What Countries with a capitalist view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
What term is used to describe a market economy?
capitalistA+
In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
Is Germany's economy capitalist?
It is a Social Market. Kinda Kind of a socialist feel and kind of a capitalist feel.
Is Mongolia a command economy or a market economy?
They are really rich and they have $9.8 billion dollars.
Explain how fundamental economic questions are addressed in a capitalist economic system?
This is because in a capitalist economy (or market economy), the amount of goods produced depend on the demand and the supply for that good in the market while price acts as an incentive and a signal. This means that all goods are provided such that at that particular price, all demands that people have for that good is satisfied.
Who was the first person to explain the market economy?
Adam Smith
