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A market economy

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Buddy Pacocha

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3y ago

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Related Questions

What is a production determined by individuals and private groups?

A production determined by individuals and private groups is referred to as a market economy. In this system, decisions about production, consumption, and investment are guided by individuals and businesses operating in a competitive market environment rather than by government intervention.


Which of these is determined by how well you interact with the individuals and groups in your community?

social health


Which groups believed that means of production should be owned by society as a whole?

Socialists and communists believe that the means of production should be owned collectively by society as a whole, rather than by private individuals. These groups advocate for a system where resources and industry are controlled and managed for the benefit of the entire community.


Who is in control in a market economy?

In a free-market economy, private individuals or groups are in control


What is the definition of private property?

private property, or property that is held by individuals or groups rather than by the federal, state, or local governments.


What is the difference between private and public- interest groups?

Private interest groups are those with personal stakes on an issue. Public interest groups are those groups that advance the concerns of the public at large.


Do black people have larger lips compared to other racial groups?

No, the size of lips can vary among individuals of all racial groups and is not determined by race.


What type of economy does individuals and private groups make decisions about what to produce?

Market economy


Who dismantled the Berlin Wall?

A combination of Private individuals and groups, as well as both governments of East and West Germany.


Where is the list of groups on Gmail?

The list of groups on Gmail is not public. The groups are created by individuals. They might contain some private information as well.


What is a private driver called?

A private driver is often referred to as a chauffeur. Chauffeurs are professional drivers who are hired to transport individuals or groups in a private vehicle, typically providing a higher level of service and discretion. They can work for private clients, companies, or limousine services.


Interest groups are what kind of organizations?

private.