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What is in a free enterprise economy supply and demand affect the of a product?

In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.


What factor controls free enterprise?

supply amd demand mg1


What role does needs and wants play in the free enterprise?

supply and demand


What determines the price of goods in a free enterprise system?

Supply and demand


How are prices established in a free enterprise system?

by the interaction of supply and demand


What sentence can you write with free enterprise?

Another word for free enterprise is free market and it means a business govorned by the laws of supply and demand and it is restrained by the government.


What does free enterprise mean for Americans?

It means businesses are governed by the laws of supply and demand.


How is supply and demand related to free enterprise?

they both haveto do with determination and having right


How does supply and demand relate to free enterprise?

I dont know im asking you? 😕😕😕😕


What is special feature of a free-enterprise system helps keep the prices of goods and services down?

Supply and Demand


What special feature of a free enterprise system helps keep the prices of goods and services down?

Supply and Demand


What is the consequences of consumer economic decisions in a free enterprise economy?

In a free enterprise economy, the consumer economic decisions can affect the price and supply of a commodity. When the consumers show interest in a product (demand), there will be an increase in the number of producers willing to supply it.