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The market system does not produce public goods because?
They belong to the government.
What is an economic system in which individuals make decisions on what to produce called?
Market Economy
Why are many west a frican countries trying to adopt free market system?
This is because when there are free market system's there will be the freewill to produce and distribute any good without the intervention of either he government or any other individual.
Would Bills market produce be capitalized in a sentence?
No, "market produce" in the sentence would not be capitalized unless it is part of a proper noun, such as the name of a specific market or business like "Bill's Market Produce."
Does Germany have a market or mixed economic system?
it has an market system for Germany it has an market system for Germany
What is market map?
It show the vertical and horizonta exis of the market. It also show the produt produce and who get what is produce. Eg. the buyer and seller, at the market place.
In free market system who makes the main economic decision?
The terms free market Economics and capitalism are used relatively interchangeably because both refer to a system where BUSINESS OWNERS make local decisions to produce, sell, and buy various products based on MARKET DEMAND, rather than government demands.
When a country has a market economy which of these statements correctly defines this system?
Companies produce goods of their choice and consumers decide whether to buy the goods
A free market is one in which decisions about what to produce and in what quantities are made by?
A free market is one in which decisions about what to produce and in what quantities are made by:
In a market system who decides what is produced?
The whole point of the free market is that everybody gets to make their own economic decisions, since the economy is not run by any central planner as in a communist system. So if someone wants to produce something, they do. If they don't want to, they don't.
Capitalism is another term for a what economic system?
Capitalism is an economic system where goods and services are produced for sale at a profit; the vast majority have to work for wages; a tiny minority own the means of production and exploit those who produce the wealth.
What is an example of a produce market?
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