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What else can I help you with?
How does an individual benefit from a market economy?
With a market economy, individual can get lower price and much more choice which is a direct result of competition.
What happened to the economy as a result of the stock market crash?
The money from the government had dramatically decreased
What are surplus goods?
Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods are the result of an efficient economy usually one that is a free market economy
In a competitive market economy firms will select the least-cost production technique because?
such choices will result in the full employment of available resources
Why can the law of demand apply only in a free market economy?
demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices.
How does an individual benefit from a market economy?
With a market economy, individual can get lower price and much more choice which is a direct result of competition.
What type of unemployment is not a natural result of a market economy?
seasonal
Was market economy a result of the commercial revolution in Europe?
Yes
Which system developed as a result of commercial revolution in Europe?
Market economy
Which system developed as a result of the commercial revolution in europe?
Market economy
Does US have a command economy?
No, the US has a market economy a result of its capitalist policies, command economies can be found in communist countries.
What happened to the economy as a result of the stock market crash?
The money from the government had dramatically decreased
What are surplus goods?
Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods are the result of an efficient economy usually one that is a free market economy
In a competitive market economy firms will select the least-cost production technique because?
such choices will result in the full employment of available resources
How social aspect affect in economy?
If it's market economy, the domestic market gets affected as cheap foreign products flood the market. It is well nigh impossible for domestic sellers to compete with the MNCs having big infrastracture of their own. As a result, either they are perished or find it almost impossible to survive in the competitive scenario.
How social aspect affects economy?
If it's market economy, the domestic market gets affected as cheap foreign products flood the market. It is well nigh impossible for domestic sellers to compete with the MNCs having big infrastracture of their own. As a result, either they are perished or find it almost impossible to survive in the competitive scenario.
How did the economy respond to hoovers efforts?
Hoover bailed out the failing banks and big businesses with Federal money. The result was a market crash, and the Great Depression.
