a social and economic system where prices are fixed by supply and demand
It is found in a capitalist economy. However, do remember no nation currently has a pure capitalist or pure socialist economy. Every nation has a trace of capitalist and socialist
The United States of America has a relatively free-market capitalist economy. As with all capitalist systems, the government plays a significant role in providing public goods, infrastructure, a social safety net, and large expenditures for pure research and development. The vast majority of commercial enterprises are privately-owned and operated for profit in a market economy.
A market based (capitalist) economy.
-a mixed market economy. trust me i just got the question wrong when i answered with capitalist -you are right it is mixed market economy. congrats for you. capitalist economy is so wrong.
their are no countries that have pure capitalism because pure capitalism can never exist. pure capitalism lead to anarchy and a coercive monopoly whit businessman telling how to live are life.
your economy is based on what you buy and how much you can sell it for later ...
market
It is found in a capitalist economy. However, do remember no nation currently has a pure capitalist or pure socialist economy. Every nation has a trace of capitalist and socialist
A market based (capitalist) economy.
The United States of America has a relatively free-market capitalist economy. As with all capitalist systems, the government plays a significant role in providing public goods, infrastructure, a social safety net, and large expenditures for pure research and development. The vast majority of commercial enterprises are privately-owned and operated for profit in a market economy.
-a mixed market economy. trust me i just got the question wrong when i answered with capitalist -you are right it is mixed market economy. congrats for you. capitalist economy is so wrong.
Capitalist
their are no countries that have pure capitalism because pure capitalism can never exist. pure capitalism lead to anarchy and a coercive monopoly whit businessman telling how to live are life.
Neither: it is capitalist with state interference.
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
capitalistA+
The people in the market make these decisions on an individual basis.