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The market system's answer to the fundamental question How will the goods and services be produced?
using the least-cost production
List the three fundamental principles of a free-market system?
private property, profit motive, competition
Is a mixed market an economic system?
the merits of mixed market economy is it's characteristic possesion of the merits of both capitalistic and public economy.
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of..........?
A market system.
What is the most fundamental right of the private enterprise system?
Freedom of choice is a fundamental right of individuals who work in a private enterprise system. The ownership of property and profits are also fundamental rights of the system.
The market system's answer to the fundamental question How will the goods and services be produced?
using the least-cost production
What is the fundamental role of information system in business?
What is fundamental information system What is fundamental information system What is fundamental information system What is fundamental information system
List the three fundamental principles of a free-market system?
private property, profit motive, competition
Is a mixed market an economic system?
the merits of mixed market economy is it's characteristic possesion of the merits of both capitalistic and public economy.
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of?
a Market System
Around 1000 AD the characteristic form of economic and social organization in northwestern Europe was the system?
Free market
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of..........?
A market system.
What is a fundamental characteristic of mondernism?
A fundamental characteristic of modernism is a rethinking and questioning of traditional beliefs, values, and norms. Modernist works often explore themes of individualism, alienation, and the impact of technology on society.
Do all living things exhibit growth as a fundamental characteristic of their existence?
Yes, growth is a fundamental characteristic exhibited by all living things as they develop and increase in size or complexity over time.
What is the fundamental characteristic of the cardiac muscle?
striated smooth muscle with intercalated discs
Which of the following is characteristic of a competitive market?
efficiency
What are some fundamental characteristic of modernism?
Questioning inherited traditions and conventions innovation (apex)
