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What will most efficiently provide products?
A market economy with many producers
Who ha pure market economy?
In a pure market economy, producers and consumers have the freedom to make their own economic decisions, without those decisions being guided or dictated by a central controlling mechanism.
Competition between producers help keep prices down in this type of economy?
competween producers helps keep prices down in this type of economy?
Government tells producers how and what to produce?
Command economy
Match the economic system with the players who are responsible for the important economic decisions.?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
What will efficiently provide products?
A market economy with many producers
How does consumer confidence affect the economy?
Increases purchases from producers
Competition among producers helps keep prices down in this type of economy?
In a market economy, the competition between producers helps keep the prices down. This is an economic practice that is based solely on supply and demand.
Match the economic system with the players who are responsible for the important economic decisions?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
In a socialist society the government does not do which of the following?
provides freedom of choice for producers
How do freedom of enterprises and freedom of choice apply to the American economy?
Very one
How do freedom enterprise and freedom of choice apply to the American economy?
Very one
