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According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from.
That's also an example of freedom of choice.
What else can I help you with?
Explain why the free market system brings efficiency as well as freedom?
According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. That's also an example of freedom of choice.
Why is the free-market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
Explain how a market system achieves economic efficiency?
market systemWhere money is used for exchange in place of goods and services.According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. If they do not like the way one company does...
Which system brings workers and machines together under on roof to manufacture goods?
factory system
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
Why the free market system brings efficiency as freedom?
According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. That's also an example of freedom of choice.
Explain why the free market system brings efficiency as well as freedom?
According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. That's also an example of freedom of choice.
What is a factory?
A factory is a system which brings manufacturing steps together in one place to increase efficiency.
Why is the free-market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
Why is the free market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
What combines free enterprise and government decisions in the marketplace?
freemarket
What countries use freemarket capitalism?
United Arab Emirates, for one.
Explain how a market system achieves economic efficiency?
market systemWhere money is used for exchange in place of goods and services.According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. If they do not like the way one company does...
The respirtory system brings what into the body?
It brings oxygen to the body.
