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How is A market economy is regulated by the interactions between which two things?
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What is a market economy regulated by?
The government.
Prices in a market economy are based on?
The prices in a market economy are based on supply and demand. In a free price system, these are based on several factors like citizen interactions and observations.
The US has a mixed economy meaning it is mostly a market economy but some aspects of the economy are regulated by the government what is an example of how the US gover?
It has imposed minimum wage laws.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
Is Cambodia a market or a command economy?
Because Cambodia has all the factors of communism and it is highly regulated I believe it has a commanded economy but I have researched this information and have not been able to find a concrete answer.
What is a market economy regulated by?
The government.
What is market economy regulated by?
The government.
What was an established and regulated exchange for business between buyers and sellers on a regular basis?
market economy
What did Adam Smith say the free market economy is regulated by?
It was self-regulated by the "invisible hand."
Who is responsible for the command economy and market economy?
The central administration is usually responsible for the command economy and the market economy. The command economy is usually a centrally planned economy whereby the prices and supply are regulated by the government other than the market forces.
Prices in a market economy are based on?
The prices in a market economy are based on supply and demand. In a free price system, these are based on several factors like citizen interactions and observations.
The US has a mixed economy meaning it is mostly a market economy but some aspects of the economy are regulated by the government what is an example of how the US gover?
It has imposed minimum wage laws.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What is the type of economy of Bulgaria?
Till 1989 (like other communist party ruled socialist countries of Europe) Bulgaria followed Marxist-Leninist model of State owned and regulated economy and there was no free and market economy.
Is america a capitalist nation?
No, America is has a mixed market economy. Although it is no where near a socialist nation, the economy is regulated by the government extensively. Essentially, a mixed market economy is a means of finding a "happy medium" between capitalism and socialism. America does tend to employ a more relaxed form of regulation, therefore leaning more towards the capitalist side.
What are the characteristics of a command economy?
The primary characteristic of a command economy is that supply and price are regulated by the government instead of the market. In this way, the government decides which goods are produced and how they should be distributed.
Is Cambodia a market or a command economy?
Because Cambodia has all the factors of communism and it is highly regulated I believe it has a commanded economy but I have researched this information and have not been able to find a concrete answer.
