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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.
What else can I help you with?
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 in which government makes all economic decisions about how goods and services and produced and distributed is called?
Socialism.
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
Who makes Cuba's economic decisions?
the government makes all the decisions, he is a dictator
Who makes economic decisions in a free-market system?
Consumers and Producers.
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 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.
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
What type of system does the government make no economic decisions?
The type of system where the government makes no economic decisions is known as a free-market economy. In this system, economic decisions are driven by individual choices and market forces, such as supply and demand. Businesses and consumers operate with minimal government intervention, allowing for competition and innovation. This approach promotes efficiency and consumer choice but can also lead to inequalities and market failures.
