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the quantities and prices of the resources that households supply.

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Q: In a market economy income is primarily determined by?
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In a market economy the distribution of output will be determined primarily by?

the quantities and prices of the resources that households supply.


How can price be determined in a free market economy?

In a perfect free-market economy, price is determined by supply and demand.


In a market economy the money incomes of individuals depend primarily upon?

In a market economy, the money incomes of individuals depend primarily upon


Is England an planned economy?

No, the UK is a Market economy. A market economy is one in which in which the prices of goods and services are determined by supply and demand.


Is Russia primarily a traditional or command or market or mixed economy?

command economy


What is Egypt's economic systems?

Primarily a free market economy with some state control.


How price are determined in a competitive market?

based on economy


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.


Which is not primarily a market economy Cuba US Canada Mexico?

Cuba is a socialist economy.


What is the definition for single product economy?

A single product economy is a system that is based on one saleable item. For instance, the province of Newfoundland depends primarily on fishing for income. If the single market collapses, it can bring disaster.


Why does the price of silver change on the stock market?

The value is determined primarily by consumer demand. This is why the value of silver fluctuates. Precious metals are volatile and therefore have their ups and downs in the economy.


What is a production determined by individuals and private groups?

A market economy