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The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
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Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
In a free market economy decisions are made according to what laws?
supply and demand
What type of economy does individuals and private groups make decisions about what to produce?
Market economy
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
How are decisions made in a market?
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
Who makes decisions in a market economy?
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
The mixed economy of Australia is becoming more of a market economy as fewer economic decisions are made by?
the government.
In a free market economy decisions are made according to what laws?
supply and demand
In a free market economy decisions are made according to the laws of .?
According to free market laws are made based on producers of goods and services in a free market. In a free economy government has very little market intervention.
What type of economy does individuals and private groups make decisions about what to produce?
Market economy
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
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. "
In what economy do individuals make their own decisions?
Free market economy
