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In a free market economy decisions are made according to the laws of .?
Wiki User
∙ 7y ago
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.
Mattie Grant
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In a free market economy decisions are made according to what laws?
supply and demand
In what economy do individuals make their own decisions?
Free market economy
Which economic systems leaves production decisions completely up to the producers?
Free-market economy
Does the US have a free market economy?
No, the United States does not have a free market economy. Instead we have a mixed economy- government has some control over economic decisions ,but mostly acts as a regulator
Characteristics of free market economy?
free market economy is an economy ruled by the people, not the government. individuals make decisions about their employment, how to use or accumulate money what to buy and to save money or spend it.
What groups of players make all of the economic in a free market system?
The consumers make all decisions in a free market economy
What groups of players make all the economic decisioins in a free-market system?
The consumers make all decisions in a free market economy
List of free-market economy countries?
there are no pure market economies today. Even the U.S government, which is commonly known as a market economy, still has some control over decisions.
System that combines the free market with some government intervention?
Market Economy A market economy is a system in which decisions on production and consumption of goods and services are based entirely on exchange, or trade; The answer to this is Mixed Economy.A mixed economy is a system that combines the free market with some government intervention.
Which of the following economic systems leaves production decisions competely up the producers?
free-market economy
How do you use Capitalism in sentence for kids?
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. "
How does resources are allocated in Mixed economy?
Some decisions are taken by the households ad firms, like in a free market economy. Whilst some decisions and resource allocation policies are set by the government.
