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It's unequal; some people do well while others do not

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Thelma Ward

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3y ago

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What is a basic feature of the free-market system?

A basic feature of the free market system is that consumers make their own economic choices


What is one negative feature of a free market economy?

No one is really in charge, so it's insecure and uncertain.


The free-market system has many advantages but there are also some drawbacks Which of the following is a negative feature of a free market economy?

Economic development is unpredictable and goes up and down.Economic development is unpredictable and goes up and down.


Who makes decisions in a free market system?

In a free market system


Which of the following is a negative features of a free market system?

It's unequal; some people do well while others do not.


What is the main feature of a free market?

The main feature of a free market is the voluntary exchange of goods and services between buyers and sellers, driven by supply and demand. Prices are determined by market forces rather than government intervention, allowing for competition and innovation. This system encourages efficiency and consumer choice, as businesses must adapt to meet the needs and preferences of consumers. Overall, a free market promotes economic freedom and individual entrepreneurship.


Which of the following is another term for a free-market system?

CapitalismcapitalismAnother name for free market system would be called second market. This is a non- profit market.


What kind of econmoic system does capitaslist country have?

free market


What is the basic coordinating mechanism is a free market system?

the basic coordinating mechanism in a free market system is Price.


What economic system does Romania have?

Now is a free market system.


Which of these is most important in a free-market system?

The laws of supply and demand are the most important factors in a free-market system.


Will consumerism drive down prices as the free market system indicates?

No The market is not free