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The problems of scarcity and allocation of resorce are addressed by production for use or need rather than production for profit
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What term used to describe a market economy?
Capitalist
What term is used to describe a market economy?
capitalistA+
What are the five features of your market economy?
There are five features that describe market economy. They are freedom of choice, motive of self-interest, competition, system of market and prices and limited government.
Why do economists describe the us economy as a mixed market economy?
Citizens have economic freedoms with some government regulation
What term describe an economy with more than one type of economic structure?
mixed-market
What term used to describe a market economy?
Capitalist
What term is used to describe a market economy?
capitalistA+
What are the five features of your market economy?
There are five features that describe market economy. They are freedom of choice, motive of self-interest, competition, system of market and prices and limited government.
Why do economists describe the us economy as a mixed market economy?
Citizens have economic freedoms with some government regulation
What term describe an economy with more than one type of economic structure?
mixed-market
Compare the circular flow diagrams of a free market and mixed economy describe hoe they differ and why?
In a mixed economy, the government purchases land, labor,and capital from households in the factor market, and purchases goods and services in the product market.
What is Bolivia economy?
Market Economy.
Identify 3 sub environments of the business environment and briefly describe the effects of each of these sub environments on its business?
Free Market economy Command economy Mixed economy
Which countries have a market economy?
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.
Is Bahrains economy command or market?
a market economy
Does China have a market economy?
No, china does not have a market economy!
What does a market economy encourages?
market economy encoursae
