0
the role is...ehhh i dont know. sorry :(
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the role of households in a free market economy?
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
What is the Role of the households in the economy?
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
What role does self-interest playin a free market economy?
It is the motivating force in the free market
What type of economy allows people the freedom to own operate and profit from their own business?
Free market economy.
What is the role of competition in a free market economy?
To change the supply and demand
What is the role of households in a free market economy?
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
What is the Role of the households in the economy?
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
What role does self-interest playin a free market economy?
It is the motivating force in the free market
What type of economy allows people the freedom to own operate and profit from their own business?
Free market economy.
What is given to a system of trade in which individuals can operate from profit from business?
free market economy
What is the role of competition in a free market economy?
To change the supply and demand
What is the economic system in which private business operates competetively for profit with minimal government regulation?
"Free market" economy
What role does profit motive play in the free-market system?
Minimize costs and maximize revenues.
What type of economy is the American economy?
Mixed Economy which means free market system but government still has limited role
What is canadas economy based on?
A free market economy
How do you free market economies grow?
Growth in Free Market Economy is achieved because a free market can allocate resources much more efficiently than can a controlled economy. Also the free market has a profit/loss price mechanism whereas a controlled economy does not. This sets the controlled economy up for what is called the economic calculation problem, in which the command economy does not know which way to best allocate resources, since the only way you can find this out is through a price mechanism in which your guide is the profit/loss system, instead of arbitrary guesses by bureaucrats. It is also because a free market allows for private property rights, which eliminates the problem known as the tragedy of the commons.
What are the merits and demerits of free market economy?
what are the merits and demerits of free market economy
