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Can economic decisions benefit consumers in a free enterprise economy than in a command economy?
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.
Economic system in which businesses are owned by private citizens not by the government?
Capitalistic Economy... also known as Free-Enterprise
How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
What is another term for a modified private enterprise economy?
us economy
How do citiznes benefit from growing economies?
The government are able to offer programs to the citizens to ensure they live safer and healthier. Citizens can get better paying jobs and live in suitable areas. Citizens are able to buy more than in country with a bad economy.
Can economic decisions benefit consumers in a free enterprise economy than in a command economy?
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.
Economic system in which businesses are owned by private citizens not by the government?
Capitalistic Economy... also known as Free-Enterprise
Does the United States have a free enterprise economy?
Yes, the US has a free enterprise economy.
What is argentina's economy type?
The economy is a free enterprise market economy.
Because of the system of free enterprise citizens enjoy many advantages Is this true or false?
It is true that because of the system of free enterprises, citizens enjoy many advantages. Free enterprise is also known as capitalism. It is an economic system where the individuals in the economy have the freedom to create business with little government intervention.
What are the cons of a state directed economy?
Command Market Economy has serious drawbacks. First free enterprise and innovation can be stippled. Second, demand of consumers/citizens often will exceed the supply of government services-products.
How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
Which act is an important component of the gross domestic product?
Gross Domestic Product or GDP is a term to describe the economic situation in a country, for the most part. As such one significant component is wealth that an important industry creates by selling its products overseas and making a profit doing so. Wages within the home country benefit the citizens and the economy overall.
What economy does the Philippines have?
The economy of Philippines is based on free enterprise.
What is a modified private enterprise economy?
A modified private enterprise economy is based on capitalism but has some government interference to prevent monopolies. Example is the economy of the U.S
What is another term for a modified private enterprise economy?
us economy
What is another term for modified private enterprise economy?
us economy
