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When economists say a market has barriers to entry they refer to?
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What do free entry and exit refer to?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
Economists refer to the process of making something as production?
NOVANET: true
What are the roles of government in a free market economy?
When people say "Free Market" economy, they have in mind what most economists would call a True Free Market Economy. When people refer to a "Market" economy, they generally have in mind the economists' "Mixed Market Economy".This answer is based on a True Free Market economy. Look at the Related Questions section for answers around a Mixed Market economy.Besides functions which aren't specifically related to the economic model that a country employs (e.g. defense and policing, social behavior regulation, etc.), here is what a TFM economy requires from the government:A stable single currency to conduct all economic activity inAn independent, consistent, and stable legal framework and judicial system to resolve all contractual disputesProtection of individual rights of propertyProtection of the sanctity of contracts (i.e. not to just resolve contract disputes, but to enforce contracts legally entered into)
In economics what does the term market and refer to?
The system of exchanging goods. A+
What free entry and exit refer do?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
What do free entry and exit refer to?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
What do free entry and exit?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
Economists refer to the process of making something as production?
NOVANET: true
When economists refer to investment they are describing a situation where?
resources are devoted to increasing future output.
Which sources will you need to create an entry for in your works-cited list?
B. Each and every source you refer to in your essay.--apexx
What does the word ME refer to in the first line of the dictionary entry?
Modern English
What does you refer to in the first line of a dictionary entry?
In a dictionary entry, "you" typically refers to the word being defined or described in that entry. This allows the reader to quickly identify the word under consideration.
What are the roles of government in a free market economy?
When people say "Free Market" economy, they have in mind what most economists would call a True Free Market Economy. When people refer to a "Market" economy, they generally have in mind the economists' "Mixed Market Economy".This answer is based on a True Free Market economy. Look at the Related Questions section for answers around a Mixed Market economy.Besides functions which aren't specifically related to the economic model that a country employs (e.g. defense and policing, social behavior regulation, etc.), here is what a TFM economy requires from the government:A stable single currency to conduct all economic activity inAn independent, consistent, and stable legal framework and judicial system to resolve all contractual disputesProtection of individual rights of propertyProtection of the sanctity of contracts (i.e. not to just resolve contract disputes, but to enforce contracts legally entered into)
In economics what does the term market and refer to?
The system of exchanging goods. A+
What does the abbreviation Ag mean?
Ag is the chemical symbol for silver (from the Latin argentum), but is also used as an abbreviation to refer to agriculture or 'agricultural studies' by economists, students and others.
