0
What else can I help you with?
What economic theory does laissez-faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
Are wages decided by the government in a command economy?
com·mand e·con·o·mynounan economy in which production, investment, prices, and incomes are determined centrally by a government.
Who governed prices and wages in towns?
Guilds
How are wages determined in a free market?
by the laws of supply and demand
What prices are paid for the use of economic resources?
Prices paid for the use of economic resources are typically referred to as "factor prices." These prices include wages for labor, rent for land, interest for capital, and profits for entrepreneurship. They reflect the value of resources in the production process and are determined by supply and demand dynamics in the market. Ultimately, these prices influence how resources are allocated in the economy and impact overall production and consumption.
What does laissez rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
What does laissez faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
What economic theory does laissez-faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
How did collectives in the soviet union avoid the compitition that drives a free market?
The government determined prices, wages, and products.
How did the collectives in the soviet union avoid the competition that drives a free market?
The government determined prices, wages, and products.
Are wages decided by the government in a command economy?
com·mand e·con·o·mynounan economy in which production, investment, prices, and incomes are determined centrally by a government.
According to Adam smith how should wages and prices be regulated?
Adam Smith believed that wages and prices should be regulated by the forces of supply and demand in a free market economy. He argued that competition among employers and workers would naturally adjust wages and prices to levels that reflect the true value of goods and services. This concept is known as the invisible hand of the market.
Who was a Roman emperor who orders prices and wages frozen?
DiocletianThe emperor Diocletian issued the Edict of Maximum Prices, which set a ceiling for the prices of goods. He did not freeze wages.
Was a roman emperor who ordered prices and wagons frozon?
Diocletian issued the Edict of Maximum Prices which put a cap on prices. He did not freeze wagons. if you mean wages, he did not put a cap on wages.
Who governed prices and wages in towns?
Guilds
The Statute of Workers was a measure to?
fixed wages and prices
Governed prices of goods and wages in towns.?
guilds
