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A model economic system in which all economic desicions are left to the market?
Kidone23
A popular model is the free market, where the market has no government intervention or regulation.
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∙ 14y ago
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What are the criteria in choosing the best economic system model?
abudance
What type of economic system answers the basic economic questions in the circular model?
Free Enterprise
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Which innovation did the US bring to the world's economic system?
the corporate model of ownership
What is the role for consumers and producers in a free market system?
A circular flow model
What are the criteria in choosing the best economic system model?
abudance
What type of economic system answers the basic economic questions in the circular model?
Free Enterprise
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Which innovation did the US bring to the world's economic system?
the corporate model of ownership
What is the role for consumers and producers in a free market system?
A circular flow model
How various marketing activities influence the flow of goods and services?
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
Does the global economic crisis signal that the American model of free market capitalism is fundamentally flawed?
I think no if im not mistaken
Is Brazil a market or a command economy?
No. Brazil is placed in 150nd in Economic Freedom Index, it's one most closed, regulated and taxes economies of the world. Although Brazil is capitalist, it's a hardcore corporativist and keynesian capitalist model
The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?
Free Enterprise A+
Can you reset the keyless entry on the driver's door?
Yes, but the specifics depend on the make and model of the car, or the make and model of the after-market keyless entry system.
Why is the market economy called a participatory economy?
Because it's based on the economic model where participation is necessary for it to work. IE: If you don't participate, there is no economy.
What is Supply and demand economics?
In economics, supply and demand describes market relations between prospective sellers and buyers of a good. The supply and demand model determines price and quantity sold in a market. This model is fundamental in microeconomic analysis, and is used as a foundation for other economic models and theories. It predicts that in a competitive market, price will function to equalize the quantity demanded by consumers, and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. The model incorporates other factors changing equilibrium as a shift of demand and/or supply.
