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"...free market pricing distributes goods through millions of decisions made daily by consumers and suppliers" Found under "Price System is 'Free'" Paragraph of the text.
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∙ 14y ago
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Who makes decisions in a free market system?
In a free market system
What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
What is free about a free market?
The free market provides people with the goods they want at the price they are willing to pay. -or- Free-market economies result in a very unequal distribution of wealth.
What is provided by the consumers in the circular flow of the free market system?
WagesApex approved
Which most strongly drives producers in a free-market economy?
Coercion
What describes the properties that determine the outcome in a free market system?
Distribution decisions
How are goods and services distribution in a free market system?
they are bought and sold by the people (gradpt)
Who makes decisions in a free market system?
In a free market system
What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
What is free about a free market?
The free market provides people with the goods they want at the price they are willing to pay. -or- Free-market economies result in a very unequal distribution of wealth.
Free market inherently unstable?
no
What is provided by the consumers in the circular flow of the free market system?
WagesApex approved
How did collectives in the Union avoid the competition that drives a free market economy?
By not
Which most strongly drives producers in a free-market economy?
Coercion
How did collectives in the Soviet union avoid the competition that drives free market economy?
By not
Which most strongly drives producers in a free market economy?
Coercion
Which of the following is another term for a free-market system?
CapitalismcapitalismAnother name for free market system would be called second market. This is a non- profit market.
