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invisible hand, competition, no monopolies, etc
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∙ 11y ago
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What are 2 good things and 2 bad things about free enterprise system and market economy system?
i dink about this
What is a trade-based economy called?
An economy based on trade is generally termed a market economy by those who study these things.
Is free market economy good for LEDCs?
nope.
Eamples of a market economy?
economychina is an example of market economy because people sale things freely government does not tell sellers how much to charge
How are good resources distributed in a free market economy?
In a free market economy, goods and resources are distributed by property and supply/demand.
What are Bad things about a mixed economy?
why is the mixed economy good
What is Bolivia economy?
Market Economy.
What is the amount at which a good or service will be sold at a market?
mixed economy
Why does even a free market economy need some government intervention?
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
How does the fluctuation of stock market results affect the economy on a daily basis?
Stock market results are tied to the economy and when economy is good the returns are usually good. Also when the economy is poor the markets usually go down. It is also found that the expectations of the investors can play a role. Right now the stock market results are down due to a poor economy.
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 will happen in a market economy if a good become popular?
then people will follow
