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supply and demand
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Would you expect new and better machinery and equipment to be adopted more rapidly in a market economy or in a centrally planned economy?
Market economy
Which economy would consumers have the most choices of what products to buy?
market economy
Which kind of economy would you have the most opportunity to try to achieve success if you are an entrepreneur?
Market Economy
Why would a completely free market economy would not be a practical one for any major country?
A free market economy is an economy in which all markets within it are unregulated by any parties other than those in the market. It limits the government's intervention. If it was completely free than the government would have less intervention and would make the economy much more sensitive and vulnerable.
Does Peru use free market economy command economy or mixed economy?
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
Would you expect new and better machinery and equipment to be adopted more rapidly in a market economy or in a centrally planned economy?
Market economy
Which economy would consumers have the most choices of what products to buy?
market economy
What type of economy does myanmar have?
Myanmar(Burma) has a mixed economy.It would be market economy, but because no country has pure market economy due to government regulations, Myanmar has a mixed economy.
What kind of econemy is a absolute monarchy?
I would havae to say a market economy. i found an answer that said a capital economy but i needed a specific answer. a market economy is also called capatalism so thats why i say market economy. if anybody has a different answer. please correct me because i would like to know for sure.
Is the Italian economy a market economy or a command economy?
Italy's economy may have strong government regulation, but it is first and foremost a MARKET ECONOMY because firms choose their own levels of production, not the Italian government (which would be the case in a command economy).
Which kind of economy would you have the most opportunity to try to achieve success if you are an entrepreneur?
Market Economy
Why would a completely free market economy would not be a practical one for any major country?
A free market economy is an economy in which all markets within it are unregulated by any parties other than those in the market. It limits the government's intervention. If it was completely free than the government would have less intervention and would make the economy much more sensitive and vulnerable.
Has the tower of Pisa effected Europe's economy?
It would only affect the local economy in terms of tourism, but not the economy of Europe.
Does Peru use free market economy command economy or mixed economy?
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
What are disadvantages to a market economy?
A Market economy is reffered to as an economy in which the consumers decide what to produce, How to produce and For whom to produce. There are several disadvantages of a market economy. The main one being an inefficient allocation of resources refered to as market failure. Firstly, some good and services would be under provided such as defence and education.
What Countries with a capitalistic view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
How does the government regulation affects the economy?
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
