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The type of system where the government makes no economic decisions is known as a free-market economy. In this system, economic decisions are driven by individual choices and market forces, such as supply and demand. Businesses and consumers operate with minimal government intervention, allowing for competition and innovation. This approach promotes efficiency and consumer choice but can also lead to inequalities and market failures.
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In which economic system does the government make most economic decisions?
command economy
In which type of economic system does the government make no economic decisions?
There are several such systems, but the most popular is the laissez-faire system.
What does the government have to do with making economic decisions?
The government has to make economic decisions by budget, giving aid, and the government gets their money from taxes.
Who makes decisions for a mixed economy?
Government officials and legislatures make economic decisions
Government makes some economic decisions individuals and companies make other decisions?
Mixed economy.
In which economic system does the government make most economic decisions?
command economy
In Which type of government of economic system does the government make no decisions?
There are several such systems, but the most popular is the laissez-faire system.
In which type of economic system does the government make no economic decisions?
There are several such systems, but the most popular is the laissez-faire system.
What does the government have to do with making economic decisions?
The government has to make economic decisions by budget, giving aid, and the government gets their money from taxes.
In which type of economics system does the government make no economic decisions?
There are several such systems, but the most popular is the laissez-faire system.
Who makes decisions for a mixed economy?
Government officials and legislatures make economic decisions
Government makes some economic decisions individuals and companies make other decisions?
Mixed economy.
What is a free system?
A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.
What is a free interprise system?
A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What is the role of consumers and producers in a free-market system?
They make the economic decisions.
What is the role of consumer in a free market system?
C. They make the economic decisions
