0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
An economy in which the buyers and sellers determaine what goods are produced is called?
A Free Market is where buyers and sellers determine what goods or produced.
Why is the stock exchange called a market?
The stock exchanges are called markets because that is where representatives of buyers and sellers meet to perform daily transactions on behalf of their customers, similar to any other market for products or services.
What is the communication between buyers and sellers called?
When consumers pay high prices, producers know that they are using their ___________ well.
What economic system allows buyers and sellers to act in their individual interests?
free trade system, sometimes also called a free market system.
What is the Opposite of oligopoly?
The opposite of oligopoly (where there are few sellers in a market), is a market in which there are only a few large buyers for a product or service. This is called a Oligopsony and usually allows the buyers to exert a great deal of control over the sellers, often resulting in the depression of prices.Examples would be world commodity markets in agricultural crops such as coffee were a few international intermediaries are able to trade the multitude of producers off against one another in order to extract cheap resources.
An economy in which the buyers and sellers determaine what goods are produced is called?
A Free Market is where buyers and sellers determine what goods or produced.
Why is the stock exchange called a market?
The stock exchanges are called markets because that is where representatives of buyers and sellers meet to perform daily transactions on behalf of their customers, similar to any other market for products or services.
The characteristic of capitalism that buyers and sellers will freely and willing exchange in market transaction is called?
The characteristic of capitalism where buyers and sellers freely and willingly exchange in market transactions is referred to as voluntary exchange. This principle is at the core of capitalist economies, allowing individuals to participate in trade based on mutual consent and self-interest.
What is the best way to define forex trading?
Forex trading is an over-the-counter market that enables buyers and sellers to perform transactions involving foreign exchange. It is also called foreign exchange market.
If in a market there is one buyer and many sellers then what is it called?
A buyer's market is when there are few buyers and many sellers. If the opposite is true, then it's called a seller's market.
A place where buyers and sellers meet to exchange goods and services for money is called?
A marketplace.
Do Goodyear tire stores have a rewards program for frequent buyers?
Goodyear tire stores have a rewards program called Goodyear Rewards Plus that is for sellers, not buyers. There is not a frequent buyers program at this time.
What is the communication between buyers and sellers called?
When consumers pay high prices, producers know that they are using their ___________ well.
What are specialists that match buyers and sellers from different countries and provide services to ease the process of entering global markets called?
They are called specialists.
What is stock market trading?
A stock market or equity market is the aggregation of buyers and sellers (a loose network of economic transactions, not a physical facility or discrete entity) of stocks (also called shares); these may include securities listed on a stock exchange as well as those only traded privately..
A capitalistic system is often called this because the market place is noted by buyers and sellers openly interacting?
A capitalistic system is often called a free market system because buyers and sellers interact openly without government intervention in prices or competition. This system allows for private ownership of resources and promotes competition to drive efficiency and innovation.
What economic system allows buyers and sellers to act in their individual interests?
free trade system, sometimes also called a free market system.
