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What is a characteristic of a free market economy?
individual choice
What is the most essential characteristic of a market economy?
Customers
A major characteristic of a pure market economy is?
An oversupply of labor
Is a mixed market an economic system?
the merits of mixed market economy is it's characteristic possesion of the merits of both capitalistic and public economy.
What is one of the principles of a free market?
The government must prevent consumers from being coerced.
What is a characteristic of a free market economy?
individual choice
What is the most essential characteristic of a market economy?
Customers
Which of the following is characteristic of a competitive market?
efficiency
A major characteristic of a pure market economy is?
An oversupply of labor
Is a mixed market an economic system?
the merits of mixed market economy is it's characteristic possesion of the merits of both capitalistic and public economy.
What is one of the principles of a free market?
The government must prevent consumers from being coerced.
Which of the following is another term for a market economy?
A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.
Which of the following statements most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
What is the other name for market economy?
The following are other names for a Market Economy:Capitalism (Liberal Market)Laissez-faireMarket anarchismMarket socialismSocial market
Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
A mixed economy is a combination of which of the following economic systems?
Free-market and command
What of the following describes a characteristic of the Norths economy?
You need to answer this question question because we don’t do homework. You have the list that describes the economy.
