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The government makes and enforces whatever laws are needed to guarantee free choice.
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How free choice is protected in a free -market system?
The government makes and enforces whatever laws are needed to guarantee free choice.
Who Best explains how free choice is protected in a free-market system?
Laws against theft, fraud, and coercion are needed to protect free choice.
What best explains how free choice is protected in a free market system?
The government makes and enforces whatever laws are needed to guarantee free choice.
Is necwhich of the following best explains how free choice is protected in a free market system?
In a free market system, free choice is protected through competition and consumer sovereignty. Individuals have the freedom to make choices about what to buy and sell, leading to a diverse range of products and services that cater to different preferences. Additionally, businesses must respond to consumer demands to remain profitable, which reinforces the importance of choice in the marketplace. This dynamic encourages innovation and enhances overall economic welfare.
What results from the fact that free market system is based on the free choices of consumers and producers?
The free-market system has a circular flow of influence.
Why the free market system brings efficiency as freedom?
According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. That's also an example of freedom of choice.
Why is the free-market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
Why is the free market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
Explain why the free market system brings efficiency as well as freedom?
According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. That's also an example of freedom of choice.
The free market system cannot exist without government regulations for what?
The profit motive undermines competition unless competition is protected.
Who makes decisions in a free market system?
In a free market system
Free market and its implications?
A free market is an economic system where the government is not involved and prices are set by private business owners. The main implication is the fact that consumers are not protected and are therefore abused through exorbitant prices.
