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those who are willing and able to buy them.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoEvery person get profit by market economy by organization get profit by selling good in market , consumer are profit by getting satisfication .
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What is the basis of a market economy?
Supply And Demand is the basis of most activity in a market economy.
What will most efficiently provide products?
A market economy with many producers
Which kind of economy is most common in the world today?
Market Economy
Is US a free market economy?
It’s market economy with a lot of state interference (like most forms of capitalism).
Which economy would consumers have the most choices of what products to buy?
market economy
What is the basis of a market economy?
Supply And Demand is the basis of most activity in a market economy.
What will most efficiently provide products?
A market economy with many producers
Which kind of economy is most common in the world today?
Market Economy
What economy most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
Is US a free market economy?
It’s market economy with a lot of state interference (like most forms of capitalism).
Which economy would consumers have the most choices of what products to buy?
market economy
What is one economy type?
There are 3 types. Market economy, Planned economy and Mixed economy (most common).
Why most county are goging toward market economy?
Countries that are currently undergoing industrialization are switching to a market based economy.
Does most of Latin America have a market economy?
yes
What is the most essential characteristic of a market economy?
Customers
What is the difference between a market economy and a socialism?
Market economy: a small minority own the resources of the planet; most people have to work for a wage; goods are produced for sale at a profit. Socialism: the earth’s resources belong to everyone and are used to meet human need; there is no division into rich and poor; no borders or governments.
Which of the four econoic systems has the most involvement with the government?
Of the 4 economic systems the one that is most directly involved with the government is command economy. The definition of command economy is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
