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the interaction of supply and demand.
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Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Prices in a market economy determine?
Prices in a market economy help determine the equilibrium. Consumers will not pay a price higher than its perceived value.
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.
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.
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Prices in a market economy determine?
Prices in a market economy help determine the equilibrium. Consumers will not pay a price higher than its perceived value.
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.
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.
What was the cause of the stock market crash?
Economy prices
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.
What is the primary function of prices in a market economy?
To ensurs sustainability
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.
Which of the following is another term for a market economy?
A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.
Competition among producers helps keep prices down in this type of economy?
In a market economy, the competition between producers helps keep the prices down. This is an economic practice that is based solely on supply and demand.
What describes an economy in which prices form the basis for economic decidions?
market
