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Businesses may charge their own prices and may also form monolpolies. Without government regulation, a single firm could control one product and charge the consumer higher than what it is worth to maximize its own profit. (especially if the product is considered essential for living)
What else can I help you with?
What is one negative feature of a free market economy?
No one is really in charge, so it's insecure and uncertain.
Which is a feature of mercantilism?
A feature of mercantilism is full government control of the national economy. This theory believes that this is the only way of achieving a healthy economy.
How did European colonialism affect africas culture?
it had a negative affect in the farming economy if Africa
Has negative current account balance always negative impact on the economy?
yes
Has negative current account balance always negative impact on economy?
yes
What is a major feature of traditional economy?
Bartering for goods and services
What is global economic downturn?
When the globalized economy, the economy of all countries, are in negative growth.
Is negative 6 to the negative 2 power?
This has already been answered. Try the search feature.
What was not a feature of the diversified economy of the New England colonies?
tobacco harvesting.
What was not a feature of the diversified economy of the New England coloni?
tobacco harvesting.
What geographic feature was most important to the New England economy?
your mother
Which is not a feature of a market economy?
The price a consumer pays is set by the government. A+
