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.
i have the same question for my economics class :/
The opportunity to control ones own economic decisions is a free enterprise.
A pure market economy is an economy where all major economic decisions are made by individuals and private firms. Therefore some characteristics would include freedom of enterprise, and consumer sovereignty.
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
i have the same question for my economics class :/
the consumer economic decisions can affect the price and supply of a commodity
The opportunity to control ones own economic decisions is a free enterprise.
Consumers.
Some major elements of a free enterprise system include right of land and freedom of economic decisions
It provides individuals the opportunity to make their own economic decisions.
C. They make the economic decisions
A pure market economy is an economy where all major economic decisions are made by individuals and private firms. Therefore some characteristics would include freedom of enterprise, and consumer sovereignty.
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.