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the law of self-interest
the law of competition
the law of supply and demand
Hailee Vandervort
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What was the key ideas of free-market system?
the law of self-interest the law of competition the law of supply and demand
The key feature of a market system is?
A. competition.
What was the key idea in the American System was a callled?
naitional bank
Which two key groups make up a free market economy?
household and firms
What is a key part pf laissez-faire economic policy?
free market economy
A key idea in the American system was to pay for improvements through?
high tariffs.
Contrast how a market system and a command economy try to cope with the problem of economic scarcity?
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies. Read more: http://www.investopedia.com/terms/c/command-economy.asp#ixzz27xmMBJXEA market system is an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
Why do entreprenuers play a key role in the market system?
they determine what goods and services are produced
What key aspect of Hinduism did buddha reject?
Lord buddha did not like the Caste System & the idea of one human supreme to other. He also did not like the idea of praying to God while people are starving.
Catastrophism is the idea that the present is the key to the past?
False Catastrophism is not the idea that the present is the key to the past. Uniformitarianism is the idea that the person is the key to the past.
How does a main idea convey the key idea in a paragraph?
by developing, supporting, or explainig the stated key idea
What is the market cap for KeyCorp KEY?
As of July 2014, the market cap for KeyCorp (KEY) is $12,145,389,162.50.
