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How does the price system in a free market economy react to shortage of commodity?
Higher prices
What is a basic feature of the free-market system?
A basic feature of the free market system is that consumers make their own economic choices
What groups of players make all of the economic in a free market system?
The consumers make all decisions in a free market economy
Consumers and producers drive pricing and production?
Free-market system
What is provided by the consumers in the circular flow of the free market?
labor and investment
Related Questions
What results the fact that a free market is based on the free choices of consumers and producers?
The free-market system has a circular flow of influences.
How does the price system in a free market economy react to shortage of commodity?
Higher prices
Who makes the decisions in a free-market system?
Consumers and producers
What is a basic feature of the free-market system?
A basic feature of the free market system is that consumers make their own economic choices
What groups of players make all of the economic in a free market system?
The consumers make all decisions in a free market economy
Consumers and producers drive pricing and production?
Free-market system
Who makes all decisions in a free market system?
Consumers and Producers.
What is provided by the consumers in the circular flow of the free market?
labor and investment
Who makes economic decisions in a free-market system?
Consumers and Producers.
What groups of players make all the economic decisioins in a free-market system?
The consumers make all decisions in a free market economy
What groups of players make all of the economic decision in a free-market system?
consumers and producers
What is the role of consumers and producers in a free-market system?
They make the economic decisions.
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