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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
What are six important characteristics of a pure economic market system?
1. Ownership of private property/ 2.Perfect competition . 3. Profit motive. 4.Consumers' soveriegnty. 5. Freedom of occupational choice. 6. Least government interference.
What are six important characteristics of pure economic market system?
1. Ownership of private property/ 2.Perfect competition . 3. Profit motive. 4.Consumers' soveriegnty. 5. Freedom of occupational choice. 6. Least government interference.
Which market experiences the least competition?
A Monopoly.
What economic system has the least government control?
The Free Market Enterprise system (aka: Capitalism). its laissez faire
Does Saturn have any unique characteristics?
The Rings of Saturn is a unique characteristic. While three other planets in the solar system have rings, they are not nearly as visible as Saturn's. Saturn is also the least dense planet in the solar system, with an average density less than that of water.
The market system's answer to the fundamental question How will the goods and services be produced?
using the least-cost production
What are six important characteristics of a pure economic market system?
1. Ownership of private property/ 2.Perfect competition . 3. Profit motive. 4.Consumers' soveriegnty. 5. Freedom of occupational choice. 6. Least government interference.
What are six important characteristics of pure economic market system?
1. Ownership of private property/ 2.Perfect competition . 3. Profit motive. 4.Consumers' soveriegnty. 5. Freedom of occupational choice. 6. Least government interference.
List some at least 5 characteristics of living things?
unique cellular organization respond to stimuli ability to reproduce ability to grow constant energy requirement
How do these characteristics make Italy unique?
It makes it unique because Italy is the only place in the world with a leaning tower of Pisa and a lot of it's food most people in other countries don't eat or don't usually eat at least. This and many other things makes it unique in many ways!
A market town?
A market town is defined as a town where a market operates at least weekly
How does Amoeba meet at least 5 of the characteristics of living things?
what are five living characteristics of amoeba?\
When you formulate a system of equations you have at least how many factors?
You don't need ANY factor. To find a unique solution, or a few, you would usually need to have as many equations as you have variables.
Which market experiences the least competition?
A Monopoly.
What economic system has the least government control?
The Free Market Enterprise system (aka: Capitalism). its laissez faire
Is the I.T. market developed now?
The IT market is fairly well developed, at least enough to market to, however, this particular market usually needs some heavy segmentation.
