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Which of these describes a market economic system?

Economic decisions are based on supply and demand. A+


Which is not a characteristic of the capitalist system?

Capitalism is based on private ownership, entrepreneurship, supply, demand, and profit. Other economic systems do not embrace all of these characteristics.


Which concept is an application of natural law to the government's role in the economic lives of its citizens?

Free market based on supply Android demand


What is market in economic?

Market in Economic is based on supply and demand, and how it influence a business's investment, production and distribution decisions.


What is the economic system based on the law of supply and demand during the cold war?

free market economy


The theory that wages are based on the supply and demand for a worker's skills is the?

Its based on supply and demand READ THE BOOK CALL Principles and demand


Price determines the answers to the three basic economic questions through the interaction of what?

Price is determined based on supply and demand.


Economic systems are based on what?

Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.


What is the price system based on?

Supply and Demand


A market economy is based on?

Supply and demand


How do supply and demand laws affect holiday gifts?

The demand and supply law plays a crucial role in the pricing of these products based on popular demand.


Is economic systems based on profit and loss?

The economic systems is based on profit and loss since they reflect the values of the economy in place.