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In a free market economy the factor market involves which type of exchange?
Wiki User
∙ 12y ago
a. the goods and services that households produce are purchased by firms.
b. firms purchase factors of production from households
c. Households purchase factors of production from firms
d. firms loan money to households to purchase capital
Wiki User
∙ 12y ago
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What is a goods market and a factor market?
Markets used to exchange final good or service.
In a market economy what organizes and coordinates the production of goods and services?
Exchange
How does a market economy coordinate factor and product markets?
8=====(-)
Is China mixed economy?
Yes, China has a mixed economy. If you don't know, this means that its economy consists of a combination of a market economy, in which there is free exchange of goods in a private market, and a planned economy that is totally controlled by a governmental entity.
The invisible hand is a major factor in which economic system?
market economy
What is a goods market and a factor market?
Markets used to exchange final good or service.
In a market economy what organizes and coordinates the production of goods and services?
Exchange
In market economy what organizes and coordinates the production of goods and services?
Exchange
How does a market economy coordinate factor and product markets?
8=====(-)
Histroy of stock exchange?
what is the histroy of Indian stock market ? which factor effectedon the market ? if, i want this answer what can i do ?
Is China mixed economy?
Yes, China has a mixed economy. If you don't know, this means that its economy consists of a combination of a market economy, in which there is free exchange of goods in a private market, and a planned economy that is totally controlled by a governmental entity.
The invisible hand is a major factor in which economic system?
market economy
What is a voluntary exchange?
Voluntary exchange can be defined as an act of buyers and sellers who are engaged in market transactions or a process of trading one object for another willingly. Voluntary exchange is the sole of market transactions, it helps an economy to prosper. In a voluntary exchange both the parties that is the buyer and the seller are willing to take part in an exchange so it is most obvious that both will gain after the exchange has taken place. We can say that the economy is the result of voluntary exchange practices. As it runs on it. Voluntary exchange not only involves the economy but in one way the language, music, scientific ideas, morals and values are all advanced and developed through the voluntary exchange. Now days no economy solely depends upon the voluntary exchange as the government interference is always there in the forms of taxes, laws, rules etc. As in a voluntary exchange each party has the right to refuse the offer if it doesn't gain so it is the sole and supports the market economy. Voluntary exchange truly prosper in a free market system where there is minimum government intervention and no government monopolies prevail. It means that the buyer and seller gains the right to each others property without any physical force being in the action. So voluntary exchange is rightly termed as the sole of an economy and where the forces come demand and supply come into existence.
2 The invisible hand is a major factor in which economic system?
market economy
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.
What was an established and regulated exchange for business between buyers and sellers on a regular basis?
market economy
The product market represents what?
the exchange of goods and services in the economy -Sullivan North High 2014
