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One where most people have to work for a wage, where goods and produced to make a profit, and a small number of people own the means of production.
paulbenn
Wiki User
∙ 12y agoa social and economic system where prices are fixed by supply and demand
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Is free enterprise found in a capitalist economy or socialist economy?
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
What type of economy is the Indian economy?
A market based (capitalist) economy.
Does the us have a capitalist or socialist 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.
What economy does the US have?
-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.
What term used to describe a market economy?
Capitalist
How do you explain this sentence pure market capitalist economy?
your economy is based on what you buy and how much you can sell it for later ...
Is a capitalist economy market or command?
market
Is free enterprise found in a capitalist economy or socialist economy?
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
What type of economy is the Indian economy?
A market based (capitalist) economy.
What economy does the US have?
-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.
Does the us have a capitalist or socialist 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.
What term used to describe a market economy?
Capitalist
Does Germany have a command economy or free market economy?
Neither: it is capitalist with state interference.
In which countries is there pure capitalism?
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.
What Countries with a capitalist view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
What term is used to describe a market economy?
capitalistA+
In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
