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What are two entities that make the majority of economic decisions in the free market?
Wiki User
∙ 13y ago
Private households, and Private businesses
Wiki User
∙ 13y ago
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In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
Who makes the economic decisions in a market economy?
The Market or if you want a "who", consumers and producers.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
Who makes economic decisions for market?
The people who is in head of the business.
In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What is market in economic?
Market in Economic is based on supply and demand, and how it influence a business's investment, production and distribution decisions.
Who makes the economic decisions in a market economy?
The Market or if you want a "who", consumers and producers.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
Who makes economic decisions for market?
The people who is in head of the business.
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Economic decisions based on customs or beliefs are found in a?
Market economy
What is the goal of all economic decisions in the market economy?
utility maximization
Who makes economic decisions in a free-market system?
Consumers and Producers.
What is the role of consumers and producers in the market system?
C. They make the economic decisions
What is the role of consumers and producers in a free-market system?
They make the economic decisions.
