0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What is market based economic system with limited government involvement?
Market Economy
What economic system is bartering in?
an economic system based on exchanging goods rather than paying for them- apex :)
What is a market-based economic system with limited government involvement?
CoosMonabowbaie
What is the economic system of the united state?
The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.
What economic system in which decision on production and consumption of goods and services are based on voluntary exchange in market?
The Market
What is the economic system of the United States?
The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.
What is economic system in England?
England is based on captialsm and free market. This system is used to ensure fairness.
Under what economic system do businesses primarily consider the demand for their goods?
A market-based economy.
What is the economic system based on the law of supply and demand during the cold war?
free market economy
What economic system is based on private ownership and competition motivated by profit?
market economy
What are the two economic systems?
Traditional economic system. The traditional economic system is based on goods, services, and work, all of which follow certain established trends. Command economic system. In a command system, there is a dominant centralized authority – usually the government – that controls a significant portion of the economic structure. Market economic system. Market economic systems are based on the concept of free markets. In other words, there is very little government interference. Mixed system. Mixed systems combine the characteristics of the market and command economic systems. For this reason, mixed systems are also known as dual systems.
