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Who makes the the main economic decisions in a free-market system?
Wiki User
∙ 10y ago
The terms free market Economics and capitalism are used relatively interchangeably because both refer to a system where BUSINESS OWNERS make local decisions to produce, sell, and buy various products based on MARKET DEMAND, rather than government demands.
Ophelia Schroeder
Wiki User
∙ 10y agopenis
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Who makes the economic decisions in Australia?
who makes australia's economic decisions
What is An economic system in which the government makes all economic decisions?
it's called a command economy
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
What is an economic system in which government makes all economic decisions about how goods and services and produced and distributed is called?
Socialism.
Who makes Cuba's economic decisions?
the government makes all the decisions, he is a dictator
Who makes the economic decisions in Australia?
who makes australia's economic decisions
Who makes economic decisions in a free-market system?
Consumers and Producers.
What is An economic system in which the government makes all economic decisions?
it's called a command economy
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
What is an economic system in which government makes all economic decisions about how goods and services and produced and distributed is called?
Socialism.
Who makes Cuba's economic decisions?
the government makes all the decisions, he is a dictator
Who makes the economic decisions of India?
The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.
Who makes economic decisions?
the government makes all the decisions, he is a dictator
What is the command system?
Command system is when the government makes decisions or when the economic decision is taken by the central body. This type of system contrasts the market economy.
Who makes the decisions in a command economic?
the president...
Who makes the economic decisions for Canada?
2012
Who makes the economic decisions for Germany?
Ministry of Finance
