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Private company makes thier own decisions

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Economic system based on free markets and private property?

No system has ever been based on truly free markets.


What economic system are the decisions based on customs?

traditional


Which of these is a social system based primarily on religious beliefs?

caste system


When markets or governments make economic decisions about what goods and sevices their resources will be used to make what basic economic question are they answering?

In market-based economies, markets determine prices which will answer the three economic questions


What is the language the classification system is based on?

The classification system is based on the Latin language.


What is a social system based primarily on religious beliefs?

Dysfunctional :)


Which of these describes a market economic system?

Economic decisions are based on supply and demand. A+


What impact do "quotes markets" have on the financial industry and investment decisions?

Quote markets, also known as quotation markets, play a significant role in the financial industry by providing real-time pricing information for various assets. These markets help investors make informed decisions by allowing them to track the value of securities and make timely investment choices based on market trends. The availability of accurate and up-to-date quotes in these markets can influence trading strategies, risk management, and overall investment performance.


What is an economic system where most economic decisions are based upon what has been done for generations?

traditional


Under what economic system do businesses primarily consider the demand for their goods?

A market-based economy.


What is the economic system of the united state?

The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.


What is the economic system of the United States?

The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.