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A market economy is one which is runned by market forces.In that,demand and supply are determined by consumers and not the central government or other associates.Whenever prices increase demand decreases and whenever price decreases demand increases.Suppliers decrease thier supply of a commodity whenever they increase prices and decrease thier prices whenever there is a surplus on the market.They do this to clear excess supply.Also,consumers tend to demand more of a product whenever there is an expexted price hike for a good and tend to demand less whenever they expect prices to decrease.
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Because prices serve as incentives in market economy What will be large increase in price of a good?
People would consume less of the good and look for substitutes. (study islands)
What purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
What two purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
What two purpose can a government serve in a market economy?
to protect the public and preserve private enterprises
What economic theory does laissez-faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
Because prices serve as incentives in market economy What will be large increase in price of a good?
People would consume less of the good and look for substitutes. (study islands)
What purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
What two purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
What two purpose can a government serve in a market economy?
to protect the public and preserve private enterprises
What does laissez rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
What does laissez faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
How do you increase sale in motorcycle industry?
There are many ways of increasing sale in motorcycle industry. Marketing and promotion are the common methods that one can use through things like reduced prices which will serve as incentives.
What economic theory does laissez-faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
The impact of capital market on foreign direct investment in nigeria?
capital market serve as a source of resource to multinationals that wish to source their finances locally, in other words the market provides means of finance to multinational companies, capital market can also serve as an indicator that can attract or repel FDI flow since it serves as a thermometer that measures the economy
Look at Market Demand?
When choosing a degree, be sure to consider the demand of the market. You want to choose a degree that will be able to serve you after graduation. You should look at the economy and seek to discover what is in demand. By choosing a degree in a field that is in demand, you will have endless job opportunities.
How do you serve disable market?
with a scooter of course
Did open markets serve to stimulate the countries economy?
tralse
