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Discuss the factors which determine the standard of living in a mixed free enterprise economy?
Wiki User
∙ 16y ago
In a miled free enterprise economy each worker believe that he has the ability to improve his standard of living by hard work. Because of the promise of a better life through hard work, the standard of living is, indeed, improved. With the improved standard of living the economy improves. They feed off each other, and the cycle continues to improve.
Wiki User
∙ 16y ago
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How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
What is another term for a modified private enterprise economy?
us economy
Who makes the decisions in a free enterprise economy?
...
Which group ultimately determines the products that a free enterprise economy produces?
Demand. (See supply and demand models, graphed and discussed in any standard Economics textbook.)
Which group of people ultimately determines the products that a free enterprise economy produces?
Which group of people untimately determines the products that a free enterprise economy produce
Does the United States have a free enterprise economy?
Yes, the US has a free enterprise economy.
How do people determine which country has the best economy?
D. Standard of living is usually used to determine the best economic system.
What is argentina's economy type?
The economy is a free enterprise market economy.
How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
What economy does the Philippines have?
The economy of Philippines is based on free enterprise.
What is a modified private enterprise economy?
A modified private enterprise economy is based on capitalism but has some government interference to prevent monopolies. Example is the economy of the U.S
What is another term for modified private enterprise economy?
us economy
What is another term for a modified private enterprise economy?
us economy
Does Brazil have a free enterprise economy?
Yes it does
Who makes the decisions in a free enterprise economy?
...
How does the government promote efficiency?
Why is the u.s. economy considered a free enterprise economy
Which group ultimately determines the products that a free enterprise economy produces?
Demand. (See supply and demand models, graphed and discussed in any standard Economics textbook.)
