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Q: What are two basic viewpoints about the role of the free market system?
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What is the basic coordinating mechanism is a free market system?

the basic coordinating mechanism in a free market system is Price.


What is a basic feature of the free-market system?

A basic feature of the free market system is that consumers make their own economic choices


What is the basic coordinating mechanism in a free market system is?

Price


The three basic characteristics of a capitalist system are?

Private ownership of property, free market competition, and profit motive are the three basic characteristics of a capitalist system.


Who makes decisions in a free market system?

In a free market system


How market forces help to solve basic economic problems?

how does the market mechanism solve the basic problem of free market economy?


Which of the following is another term for a free-market system?

CapitalismcapitalismAnother name for free market system would be called second market. This is a non- profit market.


What kind of econmoic system does capitaslist country have?

free market


What economic system does Romania have?

Now is a free market system.


Which of these is most important in a free-market system?

The laws of supply and demand are the most important factors in a free-market system.


Will consumerism drive down prices as the free market system indicates?

No The market is not free


Do you have a free market system in the US?

The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.