help me I need this answer
the purchase of a consumer (CONSUMER) (: welcomeee
this is gayyy
the government
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In a market economy, people are motivated to work by self interest. In a command economy, such as that of North Korea, people are motivated by some combination of patriotism and fear. In a utopian community they might be motivated by idealism. Those are pretty much the only options.
Competition within industries motivates a market economy. With more options, consumers will spend money on the products they want, which will help the economy.
the purchase of a consumer (CONSUMER) (: welcomeee
this is gayyy
the government
;;k
No, the market supply curve states that amount of goods that will be supplied within an economy at a given price.
In a market economy, people are motivated to work by self interest. In a command economy, such as that of North Korea, people are motivated by some combination of patriotism and fear. In a utopian community they might be motivated by idealism. Those are pretty much the only options.
Money and the poducts that are sold.
The suppliers increase production with higher prices because there is more profit margin.
The suppliers increase production with higher prices because there is more profit margin.
Market Economy.
yes!!Not really. A "free market" is generally a micro-economic term, and describes the conditions where consumers and suppliers form an economic exchange generally free of outside price controls. A "market economy" is a macro-economic term, and describes one of many different large-scale economic forms which use a free market micro-economy as its basis, but have a varying degree of regulation layered on top.