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What is an example of perfect competition?
role of market and government in economy
What results from competition between suppliers in a market economy?
this is gayyy
How does an individual benefit from a market economy?
With a market economy, individual can get lower price and much more choice which is a direct result of competition.
What is the role of competition in a free market economy?
To change the supply and demand
Competition among producers helps keep prices down in this type of economy?
In a market economy, the competition between producers helps keep the prices down. This is an economic practice that is based solely on supply and demand.
What results from competition between suppliers in a market economy?
this is gayyy
What is an example of perfect competition?
role of market and government in economy
How does an individual benefit from a market economy?
With a market economy, individual can get lower price and much more choice which is a direct result of competition.
What is a market economy system?
a market style economy is where the goverment has little/no power and there is many choices for the people and competition between bussineses
What is the role of competition in a free market economy?
To change the supply and demand
How did collectives in the Union avoid the competition that drives a free market economy?
By not
Competition among producers helps keep prices down in this type of economy?
In a market economy, the competition between producers helps keep the prices down. This is an economic practice that is based solely on supply and demand.
What is a market system style economy?
a market style economy is where the goverment has little/no power and there is many choices for the people and competition between bussineses
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
What economic theory is characterized by market competition and private ownership?
free market economy. think america
What are the five features of your market economy?
There are five features that describe market economy. They are freedom of choice, motive of self-interest, competition, system of market and prices and limited government.
How is capitalism an important part of a market economy?
A market economy is necessary for a capitialist system.
