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Set by the amount of human labour involved in providing a good or service, but also influenced by such things as supply and demand.
paulbenn
Aurelie Renner
paulbenn
Wiki User
∙ 12y agoIn capitalist economies prices are increases and not remain stable.
paulbenn
Based on the amount of human labour involved in producing an item, but influenced by supply and demand.
Wiki User
∙ 12y agodetermined by supply and demand
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Do central planning committees fix production quotas in the free enterprise system?
NO. Central Planning Committees only exist in planned economies, not free-enterprise capitalist economies. Production quotas are made by individual companies in capitalist economies.
Who sets prices in a capitalist system?
The companies
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
What is the difference between the north and South economies?
North Korea is a Dictatorship and South Korea is a capitalist country.
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Do central planning committees fix production quotas in the free enterprise system?
NO. Central Planning Committees only exist in planned economies, not free-enterprise capitalist economies. Production quotas are made by individual companies in capitalist economies.
Central planning committees fix production quotas in the free enterprise system.?
NO. Central Planning Committees only exist in planned economies, not free-enterprise capitalist economies. Production quotas are made by individual companies in capitalist economies.
Why is it china is a capitalist economies?
because.. YOU SUNK MY BATTLE SHIP! D:
What do societies with mostly capitalist economies distribute health care through?
a market system
Who sets prices in a capitalist system?
The companies
What has the European union promoted the establishment of socialist economies in member nations?
This question is based on a false premise. The European union has not promoted the establishment of socialist economies in member nations. There are no members of the European Union which have socialist economies. All members have capitalist economies.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
What is the difference between the north and South economies?
North Korea is a Dictatorship and South Korea is a capitalist country.
How is ownership different in a capitalist economy?
Well, It is very different because people are black an some are white. Capitalist economies are not good at all. Got to get swag with the United States.
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
