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What is the goal of all economic decisions in a market economy?
benifit maximazation
What is the goal of a cartel?
To control a market so as to maximise profit.
What is profit oriented objectives?
their main goal of course is to gain more profit for the target market.
What determines the kind of economy a nation has?
A nation choses its economy based on its economic goals. Economic growth is often any nation's goals. With that in mind a free market economy will help achieve that goal.
What statement describes a pure capitalist economy?
A pure capitalist economy, also known as a free market economy, is characterized by private ownership of resources and means of production, where decisions regarding investment, production, and distribution are driven by the forces of supply and demand. In this system, government intervention is minimal, allowing individuals and businesses to operate freely in a competitive market. Prices are determined by the market, reflecting consumer preferences and resource availability, which incentivizes innovation and efficiency. Overall, the primary goal is profit maximization for individuals and companies.
What is the goal of all economic decisions in a market economy?
benifit maximazation
What is the goal of a cartel?
To control a market so as to maximise profit.
What is profit oriented objectives?
their main goal of course is to gain more profit for the target market.
What determines the kind of economy a nation has?
A nation choses its economy based on its economic goals. Economic growth is often any nation's goals. With that in mind a free market economy will help achieve that goal.
What is the goal of all economic decisions in the market economy?
utility maximization
What goal is generally outside the realm of a free enterprice government?
A goal generally outside the realm of a free enterprise government is the imposition of price controls or direct regulation of wages. In a free enterprise system, the market is expected to dictate prices and wages based on supply and demand dynamics. Such interventions can disrupt market efficiency, leading to shortages or surpluses and undermining the principles of voluntary exchange and competition that characterize a free market economy.
The goal of the consumer in a market economy is?
To maximize happiness subject to the constraint of limited income.
Describe what the profit motive drives businesses to do?
The profit motive states that the ultimate goal of any business in a free market is to make money for its owner and employees. This drives businesses to increase revenue and decrease costs wherever possible while staying in and expanding business.
What is the goal of an organization?
It depends on what type of an organization it is. If it is a privately owned organization the goal is "To Maximize Profit" If it is a Public limited company (Has its shares listed in the stock market) the goal is "To Maximize shareholder wealth"
What goal is difficult to achieve in a pure free market system?
economic equity
What was the ultimate goal of perestroika?
To move the USSR toward a market economy To move control of business away from the central government.
What was ultimate goal of perestroika?
To move the USSR toward a market economy To move control of business away from the central government.
