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The market system's answer to the fundamental question How will the goods and services be produced?

using the least-cost production


How do you use Capitalism in sentence for kids?

Companies in a market economy make decisions based on supply and demand. An example of a sentence using the term "market economy" is "The opposite of a market economy is a planned economy, wherein decisions are made based on a preconceived plan without regard to supply and demand. "


What are three ways your life would change if the US began using a pure free market system or a pure centrally planned system instead of the free enterprise system?

While most developed nations today could be classified as having mixed economies, they are often said to have market economies because they allow market forces to drive most of their activities, typically engaging in government.


Why does freedom have to be defended in a free-market system?

your desires comflict with someone else's, the other person might try to make up your mind for you by using coercion.


What is megal market in economics?

The term “massive market” does not appear to be a standard economic concept It is a marketing strategy in which companies target powerful third parties such as governments or institutions to influence the market Context-specific usage: In some specific contexts, “huge market” may be used informally to refer to a very large market. For example, news articles discuss a large wholesale distribution company in Vietnam, using "megal market". However, this term will not be widely recognized in economic discussions.

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