The market is the mechanism that brings together households and firms.
False
It doesn't. The economy will remain stagnent.
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
This model is used to estimate economic effects that an initial change in economic activity has on a regional economy.
yes in a global economy government has less control over economic activity
False
It doesn't. The economy will remain stagnent.
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
This model is used to estimate economic effects that an initial change in economic activity has on a regional economy.
yes in a global economy government has less control over economic activity
Mixed-market is the term that describes an economy with more than one type of economic structure.
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Agriculture drives the economy
Free economy and Command economy
market or market economy
Oil and gas is Siberia's main economy
market