how does the market mechanism solve the basic problem of free market economy?
The forces of demand and supply regulated by price helps producers and resource owners solve the problem of what to produce
You need a renewable source of fuel so the economy would stabilize.
a. An individual firm
A mixed economy can use the price mechanism to solve basic economy problem by eliminating a surplus if there is a surplus of goods causing the problem. This will cause the market price of those goods to drop. The price mechanism can also be used to expand suppliersâ?? production of a certain good when prices are rising because there is a high customer demand for that good.
how does the market mechanism solve the basic problem of free market economy?
The forces of demand and supply regulated by price helps producers and resource owners solve the problem of what to produce
You need a renewable source of fuel so the economy would stabilize.
a. An individual firm
Gas emission laws are put into place to help prevent global warming.
A mixed economy can use the price mechanism to solve basic economy problem by eliminating a surplus if there is a surplus of goods causing the problem. This will cause the market price of those goods to drop. The price mechanism can also be used to expand suppliersâ?? production of a certain good when prices are rising because there is a high customer demand for that good.
the major indicators of a global problem are it affects earth and all it's people. The problem is interconnected and very complex. The solution requires several nations to help solve or resolve. The consequences are universal. The problem is greatly impacted or affected by our attitudes towards it. Solving a global problem requires involvement of several different people from several nations.That was 5 examples of the major indicators of a global problem
It cant..The way this System is built you will always have Winners and Losers.
Its Global.
The most domi The most dominant areas in the global economy include: nant areas in the global economy include:
A strong political will will keep the global economy sound
By stabilizing our own economy the government invested in the country, as well as rescued the economy with tax payers' money, i.e. government bail-outs.