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What are 2 good things and 2 bad things about free enterprise system and market economy system?
Wiki User
∙ 10y ago
i dink about this
Wiki User
∙ 10y ago
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How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
Why does even a free enterprise market economy need some government intervention?
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
What is a trade-based economy called?
An economy based on trade is generally termed a market economy by those who study these things.
How are financial assets created in the free enterprise system?
Financial Assets are created in the free enterprise system using private individuals wealth, and they purchase things.
What describes a market economic system?
In a market economy, a free price system is used to determine the cost of goods and services. Also, decisions about things like production and distribution are made based on supply and demand, rather than dictated by a government.
How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
What are good things and bad things about having a free enterprise system?
alot of things alot of things
Why does even a free enterprise market economy need some government intervention?
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
Why is Adam Smith important?
Father of capitalism and the free market economy. Had the idea of the invisible hand leading the economy rather than the government. We currently have a system with minor government interference, to provide for police, fire,etc... things the free market does not address.
What is a trade-based economy called?
An economy based on trade is generally termed a market economy by those who study these things.
How are financial assets created in the free enterprise system?
Financial Assets are created in the free enterprise system using private individuals wealth, and they purchase things.
Eamples of a market economy?
economychina is an example of market economy because people sale things freely government does not tell sellers how much to charge
What describe market economic system?
In a market economy, a free price system is used to determine the cost of goods and services. Also, decisions about things like production and distribution are made based on supply and demand, rather than dictated by a government.
What describes a market economic system?
In a market economy, a free price system is used to determine the cost of goods and services. Also, decisions about things like production and distribution are made based on supply and demand, rather than dictated by a government.
Why does even a free market economy need some government intervention?
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
How did people in the New England belong to a free market Economic system?
An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.They sold their own things ; Anything. A free market is a market where it is "free" to sell your own items
What are good things about a market economy?
invisible hand, competition, no monopolies, etc
