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Who made all economic decisions?
Economic decisions can be made by various entities depending on the context. In a market economy, individual consumers and businesses make decisions based on supply and demand. In a command economy, the government or central authority typically makes all economic decisions. In mixed economies, a combination of both market forces and government regulations influences economic decision-making.
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 made all economic decisions?
Economic decisions can be made by various entities depending on the context. In a market economy, individual consumers and businesses make decisions based on supply and demand. In a command economy, the government or central authority typically makes all economic decisions. In mixed economies, a combination of both market forces and government regulations influences economic decision-making.
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.
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 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
Who makes economic decisions in a free-market system?
Consumers and Producers.
What is the goal of all economic decisions in the market economy?
utility maximization
Who makes the main economic decisions?
Main economic decisions are typically made by government policymakers, central banks, and major corporations. Governments set fiscal policies, including taxation and spending, while central banks manage monetary policy, influencing interest rates and money supply. Additionally, corporations make decisions regarding production, pricing, and investment based on market conditions and consumer demand. Together, these entities shape the economic landscape.
