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What is an economy where the people who buy the goods decide the products that will be sold and what pricethey will pay?
Wiki User
∙ 16y ago
I'm going to infer a "What is an..." in front of your question. The answer would then be Free Market Capitalism. Please do your homework yourself though.
Wiki User
∙ 14y ago
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What type of economy is a market economy?
a economy where people decide what to make and who to sell it to.
Which group of people ultimately determines the products that a free enterprise economy produces?
Which group of people untimately determines the products that a free enterprise economy produce
What type of economy is it when people decide what to produce how much of it to produce and how much to charge for the product?
Free/market economy
In a market economy why do firms usually offer a variety of products and types of products for sale?
Different people like different things...
What group of people ultimately determines the products that a free enterprise economy country's total?
Consumers
What type of economy is a market economy?
a economy where people decide what to make and who to sell it to.
Which group of people ultimately determines the products that a free enterprise economy produces?
Which group of people untimately determines the products that a free enterprise economy produce
What type of economy is it when people decide what to produce how much of it to produce and how much to charge for the product?
Free/market economy
Who created market economy?
government and people created market economy . Because government decide the market price . But sometimes people make their own market prices to get more money.
In a market economy why do firms usually offer a variety of products and types of products for sale?
Different people like different things...
What group of people ultimately determines the products that a free enterprise economy country's total?
Consumers
How do people decide how much goods and services are worth in a barter economy?
The demand for a particular good or service will determine its value.
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
The economy of suffers when oil pricee drop?
The people who run the oil will make a little less profit. The economy as a whole will expand because products will get cheaper.
Who makes decisions in the traditional economy?
In a traditional economy, the decision to make certain products is decided by the people, but designed around traditions, customs, and beliefs.
The economy of what suffers when oil prices drop?
The people who run the oil will make a little less profit. The economy as a whole will expand because products will get cheaper.
How do business firms help uplift the economy?
Business firms helps to uplift the economy in doing researches looking into the future on how to implements inputs and outputs devices on moving the economy forward. They also hire people, creating jobs, and produce products which people buy, creating capital. Along with government support, they are very important to the economy.
