amount of goods and services produced in a given amount of time
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..
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..
role of market and government in economy
the role is...ehhh i dont know. sorry :(
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..
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..
role of market and government in economy
to produce
the role is...ehhh i dont know. sorry :(
It is the motivating force in the free market
To change the supply and demand
One essential government role in a market economy is regulation. This allows for competition without monopoly.
A mixed market economy is one in which most decisions are made by producers (firms) and consumers (households), but the government does have a role in the economy: to ensure that equity/fairness takes place and that everything runs smoothly also the Government plays the role of a market / Economy Watcher they sit back and only intervene when needed.
A mixed market economy is one in which most decisions are made by producers (firms) and consumers (households), but the government does have a role in the economy: to ensure that equity/fairness takes place and that everything runs smoothly also the Government plays the role of a market / Economy Watcher they sit back and only intervene when needed.
The effect that new technology usually has on economy is seen in various ways. Technology will improve of efficiency and the overall productivity in the market. .
all of Smith's ideas contributed in the American economy which lead to the increase of the productivity and output, it also increased the competitions in the market.