0
What else can I help you with?
Why does the government change the circular flow model of the free market system?
The government alters the circular flow model of the free market system to address market failures, promote equity, and ensure economic stability. By implementing policies such as taxation, subsidies, and regulation, the government can correct inefficiencies, provide public goods, and redistribute income. These interventions aim to protect consumers, support vulnerable populations, and foster overall economic growth. Ultimately, such changes help balance the competing interests of different market participants.
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 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
What conclusions can be drawn regarding China's changing economic system?
China's changing economic system reflects a shift from a purely state-controlled model to a more market-oriented approach, integrating elements of capitalism while maintaining significant government oversight. This hybrid model has facilitated rapid growth and innovation, contributing to China's emergence as a global economic powerhouse. However, increasing state intervention and regulatory crackdowns also indicate a desire to manage risks and control various sectors, suggesting a complex balance between market forces and state control. Overall, China's economic evolution embodies a pragmatic adaptation to both domestic challenges and international pressures.
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.
