0
they are bought and sold by the people (gradpt)
Daija Kreiger
Add your answer:
Earn +20 pts
What term refers to method a society uses to produce and distribute goods and services?
Product market
What are the components of a free market economy?
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
Disadvantages of market mechanism?
it does not take into account market power, public goods, merit goods and externalities. it works in a free market and not in a controlled one.
What is free about a free market?
The free market provides people with the goods they want at the price they are willing to pay. -or- Free-market economies result in a very unequal distribution of wealth.
Did the national market mean that entrepreneurs were mobilizing the large rural work force to manufacture and distribute goods throughout the US?
5555
What is industrial market?
industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective. industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective.
What term refers to method a society uses to produce and distribute goods and services?
Product market
What are the components of a free market economy?
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
Disadvantages of market mechanism?
it does not take into account market power, public goods, merit goods and externalities. it works in a free market and not in a controlled one.
What is free about a free market?
The free market provides people with the goods they want at the price they are willing to pay. -or- Free-market economies result in a very unequal distribution of wealth.
Discuss a free market in its pure form?
A free market is a special trading market,in which prices of goods and services are arranged completely by the mutual consent of sellers and buyers, usually the goods and services are out of taxes and fees,this market established in the limits of the countries and ports
Did the national market mean that entrepreneurs were mobilizing the large rural work force to manufacture and distribute goods throughout the US?
5555
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.
How are good resources distributed in a free market economy?
In a free market economy, goods and resources are distributed by property and supply/demand.
What are the disadvantages of free-market economy?
Some arguments for disadvantages of the free-market economy: 1) Difficulty in over-coming underutilisation of inputs (this means it is difficult in a free-market to coordinate under-used resources). 2) Problems in regulation of safety (free-market firms can cheat and create harmful goods to make more profit). 3) Distribution of income is uneven (many believe the free-market rewards the rich and punishes the poor). 4) The free-market has fluctuations and is considered unstable (the free-market has a sort of business-cycle associated with it). 5) The free-market allows things like unemployment to occur (many people consider unemployment bad and preventable). 6) The free-market puts profit over humanity (some critics believe that the profit motive is more important than human well-being in the free-market). 7) Inability to produce and distribute public goods (i.e.) military protection, courts, etc.).
Why did Adam Smith believed in the Free Market?
Adam Smith believed in free market because he felt that it helped them to get items at a good cost. It also provided areas with additional markets to see their goods. Often goods would be left over and free market let producers of these goods find new markets to sell to.
What are the disadvantages of market economy?
Some arguments for disadvantages of the free-market economy: 1) Difficulty in over-coming underutilisation of inputs (this means it is difficult in a free-market to coordinate under-used resources). 2) Problems in regulation of safety (free-market firms can cheat and create harmful goods to make more profit). 3) Distribution of income is uneven (many believe the free-market rewards the rich and punishes the poor). 4) The free-market has fluctuations and is considered unstable (the free-market has a sort of business-cycle associated with it). 5) The free-market allows things like unemployment to occur (many people consider unemployment bad and preventable). 6) The free-market puts profit over humanity (some critics believe that the profit motive is more important than human well-being in the free-market). 7) Inability to produce and distribute public goods (i.e.) military protection, courts, etc.).
