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Disadvantage of market economy?
One of the key disadvantages of a market economy is that it is unpredictable. Many events can cause shocks in a market economy. For instance, a natural disaster or war can cause volatility in the market. A lack of stability is the key feature of the market economy.
What combines elements of the command and market economies?
mixed economy
What is a key principle of a market economy?
Make as much money as possible.
What is the key principle of a market economy?
businesses are owned by the people collectively
What countries economies has the fewest elements of a command economy and the most elements of a market economy the United States Germany France or Sweden?
the United States
Disadvantage of market economy?
One of the key disadvantages of a market economy is that it is unpredictable. Many events can cause shocks in a market economy. For instance, a natural disaster or war can cause volatility in the market. A lack of stability is the key feature of the market economy.
Do you have a free market system in the US?
The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.
A mixed economy combines combines elements of which two elements?
Market and command
What combines elements of the command and market economies?
mixed economy
Is Iraq socialist?
No, Iraq is not socialist. Iraq operates under a mixed economy system with elements of a market economy and state intervention. The government owns a number of key industries, but there is also room for private enterprise.
One of the key elements of a brand is?
market place
What is a key principle of a market economy?
Make as much money as possible.
What is the key principle of a market economy?
businesses are owned by the people collectively
What countries economies has the fewest elements of a command economy and the most elements of a market economy the United States Germany France or Sweden?
the United States
A mixed economy combines elements of which two economic systems?
Market and command
Which two key groups make up a free market economy?
household and firms
What is a key part pf laissez-faire economic policy?
free market economy
