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What else can I help you with?
What economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command economy.
Who sets prices in a capitalist system?
The companies
What factor determines whether a country's economy is more or less capitalist?
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What is Capitalist market systems?
Capitalist market systems are economic systems where the means of production and distribution are privately owned and operated for profit. In these systems, prices are determined by supply and demand in a competitive marketplace, allowing for consumer choice and innovation. The government typically has a limited role, primarily focusing on protecting property rights and maintaining fair competition. Capitalism encourages entrepreneurship and investment, driving economic growth and efficiency.
Another term for a capitalist system is a?
Another term for a capitalist system is a Laissez-faire system.
What economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command economy.
Who sets prices in a capitalist system?
The companies
What factor determines whether a country's economy is more or less capitalist?
m
What is Capitalist market systems?
Capitalist market systems are economic systems where the means of production and distribution are privately owned and operated for profit. In these systems, prices are determined by supply and demand in a competitive marketplace, allowing for consumer choice and innovation. The government typically has a limited role, primarily focusing on protecting property rights and maintaining fair competition. Capitalism encourages entrepreneurship and investment, driving economic growth and efficiency.
What is econmics systems?
Liberal, capitalist, free market
Another term for a capitalist system is a?
Another term for a capitalist system is a Laissez-faire system.
What kind of economics systems does a capitalist country have?
Free-market
Who determines prices?
supply and demand
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
The excerpt below is from Adam Smith and The Wealth of Nations. Which of his economic philosophies can be seen in modern free enterprise systems?
Capitalist countries rely on competition between businesses to set fair prices for goods.
What economic system did the Eskimos have?
A pre-capitalist systems based on sustenance.
What type of economic systems does the Gambia has?
Semi Capitalist
