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to protect the public and preserve private enterprises
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What two purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
What two purpose can a government serve in a market economy?
to protect the public and preserve private enterprises
What is the role of individuals in a centrally planned economy?
In a centrally planned economy, individuals primarily serve as workers and consumers, with their roles largely defined by government directives rather than personal choice. The government makes decisions about production, distribution, and pricing, limiting individual entrepreneurship and market competition. While individuals may have some influence through feedback or participation in planning processes, their autonomy is generally restricted compared to market economies. Consequently, individual incentives for innovation and efficiency are often diminished.
Because prices serve as incentives in market economy What will be large increase in price of a good?
People would consume less of the good and look for substitutes. (study islands)
How do prices serve as incentives in a market economy?
A market economy is one which is runned by market forces.In that,demand and supply are determined by consumers and not the central government or other associates.Whenever prices increase demand decreases and whenever price decreases demand increases.Suppliers decrease thier supply of a commodity whenever they increase prices and decrease thier prices whenever there is a surplus on the market.They do this to clear excess supply.Also,consumers tend to demand more of a product whenever there is an expexted price hike for a good and tend to demand less whenever they expect prices to decrease.make a person take an action
What two purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
What two purpose can a government serve in a market economy?
to protect the public and preserve private enterprises
Does Maryland government still serve the purposes for which it was created?
yes they do
The impact of capital market on foreign direct investment in nigeria?
capital market serve as a source of resource to multinationals that wish to source their finances locally, in other words the market provides means of finance to multinational companies, capital market can also serve as an indicator that can attract or repel FDI flow since it serves as a thermometer that measures the economy
What were Independent Agencies created to do?
Congress has created independent agencies to serve the public interest and keep the government and the economy working smoothly.
Carbohydrates serve two major purposes These purposes are?
energy and structure
What purposes did the quilts serve?
for warmth
What are the barrier island and what purpose do they serve?
What are the barrier islands and what purposes do they serve?
What was the economic system where a colony provided raw materials to England and serve as a market for its finished products?
branch of government that carries out the laws
Because prices serve as incentives in market economy What will be large increase in price of a good?
People would consume less of the good and look for substitutes. (study islands)
How many purposes does radiation serve?
Lots.
What useful purposes did cowboy's hat serve?
No
