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Who would you most likely find particpating in a market economy?
Wiki User
∙ 12y ago
A government official deciding how much wheat to plant this season
Wiki User
∙ 12y ago
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Why a free market economy would more likely be found in a democracy than in a totalitarian dictatorship?
A free market economy would be more likely to be found in a democracy rather than a totalitarian dictatorship because it is is a market in which there is no economic intervention and regulation by the state, except to enforce private contracts.
How would the economy of Canada be likely characterized?
The Canadian economy would be characterized as diverse with an emphasis on natural resources, manufacturing and construction industries, and service industries.Mixed, but on the side of free market
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 a free market economy would more likely be found in a democracy than in a totalitarian dictatorship?
A free market economy would be more likely to be found in a democracy rather than a totalitarian dictatorship because it is is a market in which there is no economic intervention and regulation by the state, except to enforce private contracts.
How would the economy of Canada be likely characterized?
The Canadian economy would be characterized as diverse with an emphasis on natural resources, manufacturing and construction industries, and service industries.Mixed, but on the side of free market
What is Italy's economy like?
Italy's economy is very good. You can find a job almost anywhere. one place where you can most likely become a tour guide in Rome because there would be a lot of tourists there because of all of the old roman architecture
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.
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.
