Set by the amount of human labour involved in providing a good or service, but also influenced by such things as supply and demand.
In capitalist economies prices are increases and not remain stable.
Based on the amount of human labour involved in producing an item, but influenced by supply and demand.
determined by supply and demand
NO. Central Planning Committees only exist in planned economies, not free-enterprise capitalist economies. Production quotas are made by individual companies in capitalist economies.
The companies
the competition in the market economies encourages both qyality and low prices.
North Korea is a Dictatorship and South Korea is a capitalist country.
The competition in market economies encourages both quality and low prices.
NO. Central Planning Committees only exist in planned economies, not free-enterprise capitalist economies. Production quotas are made by individual companies in capitalist economies.
NO. Central Planning Committees only exist in planned economies, not free-enterprise capitalist economies. Production quotas are made by individual companies in capitalist economies.
because.. YOU SUNK MY BATTLE SHIP! D:
a market system
The companies
This question is based on a false premise. The European union has not promoted the establishment of socialist economies in member nations. There are no members of the European Union which have socialist economies. All members have capitalist economies.
the competition in the market economies encourages both qyality and low prices.
North Korea is a Dictatorship and South Korea is a capitalist country.
Well, It is very different because people are black an some are white. Capitalist economies are not good at all. Got to get swag with the United States.
The competition in market economies encourages both quality and low prices.
The competition in market economies encourages both quality and low prices.
The competition in market economies encourages both quality and low prices.