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Consumers and producers
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Related Questions
What combines free enterprise and government decisions in the marketplace?
freemarket
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
Who makes decisions in a free market system?
In a free market system
Who makes the decisions in market system?
Consumers and producers
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
In decisions made in a system primarily based on markets?
Private company makes thier own decisions
Common law is a system by which a court?
makes legal decisions on the basis of earlier decisions by other courts
Who makes economic decisions in a free-market system?
Consumers and Producers.
Who makes all decisions in a free market system?
Consumers and Producers.
Who makes decisions about what products to buy and sell in a capitalist system?
Capitalism
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