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In a free market economy, firms purchase factors of production such as labor, from households.
what does the free market economies benefits to owners
In long run under perfect competition new firms enters into the market and share the profit of existing firms due to free entry and exit .the new firms in the long run enters into the market until they earn profit and leaves the market if they suffer looses. In short if there is free entry and exit
household and firms
It is the motivating force in the free market
In a free market economy, firms purchase factors of production such as labor, from households.
what does the free market economies benefits to owners
In long run under perfect competition new firms enters into the market and share the profit of existing firms due to free entry and exit .the new firms in the long run enters into the market until they earn profit and leaves the market if they suffer looses. In short if there is free entry and exit
household and firms
It is the motivating force in the free market
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
the role is...ehhh i dont know. sorry :(
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
The market is the mechanism that brings together households and firms.
in a market economy, firms make the goods. Households buy the goods
in a market economy, firms make the goods. Households buy the goods
In a market economy, firms make the goods. Households buy the goods.