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What is the different terms a free market economy can be called?
Wiki User
∙ 13y ago
capitalism,
Liberal (in some countries)
Wiki User
∙ 13y ago
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Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
THE role of forex market in the strengthening of local currency and its impact of economic development?
Forex market is no way different from stock market in terms of impact on economy of that magnitude.
Does Pakistan have a good economy?
The mixed economy is the name given to the economy of Pakistan. The economy of Pakistan is the 44th largest in the world in terms of the nominal GDP and the 26th largest in terms of the purchasing power parity.
Which terms would not apply to a free market economy?
supply and demand
Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
What terms are associated with a market economy?
Free market economy is a free market system in which decisions regarding resource allocation,production, and consumption, and price levels and competition, are made by the collective actions of individuals or organizations seeking their own advantage.In all market economies, however, freedom of the markets is limited and governments intervene occasionally to encourage or dampen demand or to promote competition to thwart the emergence of monopolies. Also called free economy, free market, or free market economy.
How does resources allocated in the free market economy?
well in simple terms........ if you dont do it you will get a zero!!!!
How resources are allocated in a market economy?
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.
How are resources allocated in a free market economy?
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.
What type of economic system does the Bahamas have?
The Bahamian economy is almost entirely dependent on tourism and financial services to generate foreign exchange earnings. So the Bahamas has a market economy in general terms.
What type of economy did the Union have in the civil war?
The economy of the United States (Union) during the Civil War was based on a free market system. The Government however held allot of influence in the economy in terms of awarding private companies contracts to fill Government needs. This was especially true in terms of military equipment contracts.
What do free entry and exit?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
