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What else can I help you with?
How is capitalism an important part of a market economy?
A market economy is necessary for a capitialist system.
What role does self-interest playin a free market economy?
It is the motivating force in the free market
Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
What are the five features of your market economy?
There are five features that describe market economy. They are freedom of choice, motive of self-interest, competition, system of market and prices and limited government.
What invisible hand regulates the free-market economy?
competition and self interest
What ''invisible hand'' regulates the free market economy?
competition and self-interest
In a free market economy decisions are made according to the laws of .?
According to free market laws are made based on producers of goods and services in a free market. In a free economy government has very little market intervention.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What economic systems leaves production decisions completely up to the producers?
free-market economy
What is the role of households in a free market economy?
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
How are resources allocated in traditional economy?
It is allocated according the market equilibrium which is subjected to the changing market demand and market supply.
What is Bolivia economy?
Market Economy.
