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In a market or capitalist economy who makes the economic decisions?
Wiki User
∙ 7y ago
The people in the market make these decisions on an individual basis.
Wiki User
∙ 7y ago
paulbenn
The owners of industry (the capitalist class) make the economic decisions, against the background of the uncontrollable market economy.
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Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Who makes the economic decisions in a market economy?
The Market or if you want a "who", consumers and producers.
Economic system which people and privately owned companies own basic and non basic businesses?
Capitalism
Economic decisions based on customs or beliefs are found in a?
Market economy
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Who makes the economic decisions in a market economy?
The Market or if you want a "who", consumers and producers.
Economic system which people and privately owned companies own basic and non basic businesses?
Capitalism
Economic decisions based on customs or beliefs are found in a?
Market economy
What is the goal of all economic decisions in the market economy?
utility maximization
Which economic systems leaves production decisions completely up to the producers?
Free-market economy
What economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command economy.
In this type of economy the average person has the freedom to make economic decisions?
Market
In what type of economy does the average person have the freedom to make economic decisions?
Market
What is an economic system in which individuals make decisions on what to produce called?
Market Economy
In this type of economy the average person has the freedom to make economic decisions.?
Market
