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the law of self-interest
the law of competition
the law of supply and demand
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∙ 12y ago
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In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
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 was Adam Smith's ideas serve as the basis for what type of economic system?
adoptedwrong^itscapitalism
What three key economic decisions must every economic system make?
The three key economic decision of every economic system are price, how much to produce, and where to sell the product. This follows the principles of the laws of supply and demand.
A nations plan for answering the key economic problems is called its economic?
Economic System
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
What combines free enterprise and government decisions in the marketplace?
freemarket
What countries use freemarket capitalism?
United Arab Emirates, for one.
What are key ideas?
Key Ideas:Key ideas is something that is helpful to you for finding your situation(Puzzle).In short words something that helped you.
What does key ideas mean?
The main ideas or themes. Imagine the subject is a tree. The key ideas is the trunk. The secondary ideas or themes would be the branches that come off the key ideas. All of those secondary ideas originally come from the key ideas.
What is An Answer Key?
a answer key is something you are gonna write on a sheet of paper and put your ideas there then you put those ideas on a paragraph
A system of ideas is called?
Ideology is a system of ideas.
What is a method of graphically grouping and connecting key ideas?
Concept mapping is a method of graphically grouping and connecting key ideas.
What was the new ideas about the solar system?
there is no new ideas on the solar system
What does a key symbolize?
A key symbolizes the metephorical opening of ideas or doors.
