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free market economy is an economy ruled by the people, not the government.
individuals make decisions about their employment, how to use or accumulate money what to buy and to save money or spend it.
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What is the 5 characteristics of the US economy?
Mixed economy Consumer sovereignty Competition Private property Free market
What are the merits and demerits of free market economy?
what are the merits and demerits of free market economy
What is the opposite of free market?
A free market economy
What are the components of a free market economy?
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
Is Egypt a market economy?
Egypt is a free market economy.
What is the 5 characteristics of the US economy?
Mixed economy Consumer sovereignty Competition Private property Free market
What are some personal characteristics of the US?
this are the characteristics of u.s economy,free market,private property,profit,competition, and consumer sovereignty.
What is canadas economy based on?
A free market economy
What are the merits and demerits of free market economy?
what are the merits and demerits of free market economy
What is the opposite of free market?
A free market economy
What are the components of a free market economy?
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
Is Egypt a market economy?
Egypt is a free market economy.
Does Singapore have a command or free market economy?
A market economy
What kind of economy does Hong Kong have?
a free economy with few goverment regulations
Does Germany have a free market economy?
Germany has a free market economy to a great extent. The country has a social market which operates on the principles of a free market economy.
What type of economy does Panama have?
Panama's economic system is a free-market economy.
Does Germany have a command economy or free market economy?
Neither: it is capitalist with state interference.
