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Absolutely! When people have less money to spend, they don't buy new cars. Or they buy cheaper models than they would have in good times. Foreign cars may cost more or less depending on how strong other currencies are.
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Are families being affected y the economy?
yes
What are disadvantages to a market economy?
A Market economy is reffered to as an economy in which the consumers decide what to produce, How to produce and For whom to produce. There are several disadvantages of a market economy. The main one being an inefficient allocation of resources refered to as market failure. Firstly, some good and services would be under provided such as defence and education.
What is one of the principles of a free market?
The government must prevent consumers from being coerced.
Which market in the economy of Mauritius come closest to being perfectly competitive?
monopoly
How did geography of Netherlands effect the economy?
The location of the Netherlands near the coast has affected its economy. Its geographic led to it being a major player in international sea trade.
Who ha pure market economy?
In a pure market economy, producers and consumers have the freedom to make their own economic decisions, without those decisions being guided or dictated by a central controlling mechanism.
What countries are being affected by the US change in economy?
In today's economic situation, where most countries trade internationally, the downturn in one market can put a damper on the rest of the markets as well. Today, the world's economic market is heavily influenced by America because Americans buy the largest amount of goods and services.
Why is Greece a market economy?
because they trade alot and buy and that is why it is market jk i dont know lol
Is automobile a verb?
The word 'automobile' is a noun, a word for a thing.A verb is a word for an action or a state of being."Automobile is a noun." The word "is' is the verb, the state of being of automobile.
How much percentage have automobile prices changed since the turn of the Century?
Since the turn of the century, automobile prices have skyrocketed. This is partly because of the economy and inflation and partly because of new features and technology being used to produce the vehicles.
What are the characteristic of command?
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
What are some examples of nations who use command economy market economy and traditional economy?
Examples of countries that use a command economy are the following: China Cuba Examples of countries that use a market economy are the following: United States Canada Assuming you mean a socialized economy by way of traditional economy, below are examples of some countries that use a socialized economy Italy France Please keep in mind that no country is an absolutely pure version of each type of economy. You could say the United States, for example, shows elements of a socialized economy with its employment of social security and medicaid. You could also say that Cuba, shows elements of a market economy. Even, North Korea, which would be considered one of the most extreme examples of a command economy still has "free enterprise zones" and has condoned (or at least not quickly repressed) a healthy black market for goods and services...the black market being its own market economy.
