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What is it called when prices of goods and wages are established by the forces of supply and demand?
Wiki User
∙ 13y ago
free market, laissez-faire
Wiki User
∙ 13y ago
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In a market economy what are prices are established by?
the interaction of supply and demand.
How are prices established in a free enterprise system?
by the interaction of supply and demand
What is demand-pull inflation?
when prices of goods increase due to demand is called demand pull inflation
How are prices established in the foreign-exchange market?
As in all other market, prices of the currencies pairs are determined by the supply and demand of the market. When the demand is higher than the supply the price increases and vice versa.
A free market economy in which prices are set by economic forces of supply and demand is sometimes described as?
Laissez-faire
What does laissez rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
What does laissez faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
What dies charging high prices for hoarded goods called?
Rise and Demand
In a perfect market what forces price to go up in a commodity?
Lower supply and/or greater demand make prices for a commodity rise.
What economic theory does laissez-faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
In a perfect market what forces price to go up for a commodity?
A commodity is an item marketed that is useful or valued. Competition, supply, and demand forces prices to go up in a perfect market.
What kind of relationship does demand have with prices?
the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....
