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they determine what goods and services are produced
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoAn economic system where few restrictions are placed on business activities and ownership.
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What role does profit motive play in the free-market system?
Minimize costs and maximize revenues.
What is the role played by entreprenuers in the economy of the county?
The role played by entreprenuers in the economy of the country is that they create the jobs that put people to work. This allows people to make income that they can used to put back into the economy.
What role do businesses that go tothe market play in the circular model?
what role do businesses that go to the market play in the circular flow model
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
What is the role of consumers and producers in a free-market system?
They make the economic decisions.
What role does profit motive play in the free-market system?
Minimize costs and maximize revenues.
What is the role played by entreprenuers in the economy of the county?
The role played by entreprenuers in the economy of the country is that they create the jobs that put people to work. This allows people to make income that they can used to put back into the economy.
What is is the role of entreprenuers?
Take a risk, invest their money and try to turn a profit.
What role do businesses that go tothe market play in the circular model?
what role do businesses that go to the market play in the circular flow model
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
What role do people who go to the market play in the circular flow model?
The people who go to the market are consumers.
What role do the dasas play in the caste system?
they played the role of servents
What overall vital role do price play in the free market?
Overall,the vital role prices play in the free market enables individuals and businesses to create, produce, transform, develop, innovate and compete in the marketplace.
What role does the heart play in the cardiovascular system?
The Respatory System . i Guessed . :)
What role do businesses that go to the market play in the circular flow model?
Businesses go to the market to sell their product.
How information system play a vital role in marketing?
how information system play an important role in following departments finance, marketing,HRM and production management
What role do people play in a computer system?
computer play a vital Role in a Day to Day life, what is the Advantage and Disadvantage of Computer?and what are the role that computer play in day to day activities?
