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What are the main advantages of using prices as a way of distributing resources in a free market economy?
Wiki User
∙ 9y ago
Because a fart is better than a turd. As smelly, less dirty
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoCompanies price products based on their target market. When products are priced low, they move fairly quickly through the market.
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What are the advantages and disadvantagesof a market economy?
advantages and disadvantages of market economy
Who owns the resources in market economy?
Consumers
Who gets scarce resources in a market economy?
the government
How does command economy's differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
What are the advantages and disadvantages of market economy?
really don't understand
What are the advantages and disadvantagesof a market economy?
advantages and disadvantages of market economy
How are good resources distributed in a free market economy?
In a free market economy, goods and resources are distributed by property and supply/demand.
Who owns the resources in market economy?
Consumers
Who gets scarce resources in a market economy?
the government
How does a market economy differs from a command economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
How does a market economy differ from a command economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
How does a market economy different from a command economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
How does command economy's differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
What are the advantages and disadvantages of market economy?
really don't understand
Which of the following is the best description of an economy?
An economy refers to the system of production, distribution, and consumption of goods and services in a region or country. It involves factors such as resources, market demand, government policies, and economic agents like consumers, businesses, and governments. The economy can be classified based on characteristics like market structure, level of development, and economic activities.
What kind of economy does the US have?
mixed market economy
How are good and resources distributed in a free market economy?
Through prices
