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In a competitive market free of government regulation, the price of a product will continue to adjust. The only time it will stop is when demand is equal to the quantity supplied.
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∙ 9y ago
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A model economic system in which all economic desicions are left to the market?
A popular model is the free market, where the market has no government intervention or regulation.
What is the economic system in which private business operates competetively for profit with minimal government regulation?
"Free market" economy
What is the purpose of a free enterprise?
To freely compete with other enterprises in a free market economy (i.e. without any government regulation)
What does mixed capitalism means?
A market system where there is a mix between free market (without regulation and laws, prices are determined by the market forces) and controlled market( with government restrictions).
What are capitalism and communism and socialism?
Capitalism is a free-market system with little or no government regulation. Communism is a system where the market and means of production are owned by the government. Socialism allows some regulation of the economy and is also the transition from capitalism to all out communism.
What do government regulation of the free market is require to do?
Ensure competition and protect consumers
What affects does government regulation have on free market?
Government maybe affected on having a free market because of the different ethics and compliance solutions that they are having when it comes to free trade.
A model economic system in which all economic desicions are left to the market?
A popular model is the free market, where the market has no government intervention or regulation.
What is the economic system in which private business operates competetively for profit with minimal government regulation?
"Free market" economy
What is the purpose of a free enterprise?
To freely compete with other enterprises in a free market economy (i.e. without any government regulation)
Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
What does mixed capitalism means?
A market system where there is a mix between free market (without regulation and laws, prices are determined by the market forces) and controlled market( with government restrictions).
What are capitalism and communism and socialism?
Capitalism is a free-market system with little or no government regulation. Communism is a system where the market and means of production are owned by the government. Socialism allows some regulation of the economy and is also the transition from capitalism to all out communism.
What is the current economic system for japan and the US?
The US and Japan have what I would describe as a mixed economy; this is a free market, with substantial government regulation.
Is the USSR's government a free market economy government?
yes it is a free market government
Which country is in Market or free market?
A true free market is free from economic intervention and regulation by government, other than protection of property rights. I don't believe there are any countries today that have a true free market. There appears there are always external driving forces that interfere with today's market. There may be some countries that are closer to a true free market economy than others, but I do not know of one today that is a true free market.
What Countries with a capitalistic 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.
