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Describe two benefits you enjoy because of the free-market system?
Wiki User
∙ 9y ago
One of the benefits of a free market system is that you can shop for the best deal since pricing is not set. Another benefit is that anyone can enter the market.
Wiki User
∙ 9y ago
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In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
Describe two benefits you enjoy because of the free-market system Be sure to state why the free-market system brings each of these benefits?
Better goods and services, plus we control our own production
What kinds of benefits do people receive in a market economy system in a command economy system?
are the benefits do people
Describe two benefits you enjoy because of the free market system be sure to state why the free market system brings each of these benefits?
My job and my car are two examples of the benefits of a free market system. Free market means I choose. I chose a career path based on my likes and dislikes and looked for a job that best reflected my interests. I like economics, therfore I did not become a cook. I chose my car from various dealers. No one forced me to accept a car I did not like. The problem is when a free market becomes a monopoly. In a monopoly you have no choice and have to accept whatever they offer at the prices the supplier stipulates.
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
Describe two benefits you enjoy because of the free-market system Be sure to state why the free-market system brings each of these benefits?
Better goods and services, plus we control our own production
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
Should a model describe a system?
Yes because a model is a statement of what a system is
How would you describe a single pulley system?
describe a single pulley system
How would you describe the function of the reproducive system?
describe the function of the reproducive system
Why would the AARP want to support Obama health plan that will do away with your medicare benefits?
Because Medicare will just be moved into the new system; the benefits won't change.
Describe a zone in a hydronic heating system?
describe what is a zone in ahydronic heating system
What kind of benefits do people receive in a market economy system In a command economy system?
are the benefits do people
What kinds of benefits do people receive in a market economy system in a command economy system?
are the benefits do people
Benefits of information system planning?
Information system planning helps organizations align IT resources with business goals, identify opportunities for technology improvement, and prioritize IT initiatives for maximum impact. It also enables efficient resource allocation and budgeting, as well as improved decision-making based on data-driven insights. Overall, effective information system planning can enhance operational efficiency, promote innovation, and support strategic growth objectives.
