0
Who determines what will be produced in a free enterprise economy?
Wiki User
∙ 11y ago
Initially the producers themselves, eventually the "laws of supply and demand" should weed out those products that are not wanted and those that are in demand will be made, unwanted or un-economic products will cease to be produced.
This does not happen in the real world as there is no free enteprise on Earth (all economies are governed and controlled by some forces, be they legislature, outside interventions - treaties, trade agreements, invasive powers, copyrights, patents, etc.)
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Which group of people ultimately determines the products that a free enterprise economy produces?
Which group of people untimately determines the products that a free enterprise economy produce
What group of people ultimately determines the products that a free enterprise economy country's total?
Consumers
How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
Who makes the decisions in a free enterprise economy?
...
What would have the same meaning as capitalism or a market economy?
Free Enterprise System
Which group of people ultimately determines the products that a free enterprise economy produces?
Which group of people untimately determines the products that a free enterprise economy produce
What group of people ultimately determines the products that a free enterprise economy country's total?
Consumers
Does the United States have a free enterprise economy?
Yes, the US has a free enterprise economy.
How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
What is argentina's economy type?
The economy is a free enterprise market economy.
What economy does the Philippines have?
The economy of Philippines is based on free enterprise.
Does Brazil have a free enterprise economy?
Yes it does
Who makes the decisions in a free enterprise economy?
...
What would have the same meaning as capitalism or a market economy?
Free Enterprise System
Which group ultimately determines the products that a free enterprise economy produces?
Demand. (See supply and demand models, graphed and discussed in any standard Economics textbook.)
What determines the price of goods in a free enterprise system?
Supply and demand
How does the government promote efficiency?
Why is the u.s. economy considered a free enterprise economy
