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Why is the free-market system system brings effiency as well as freedom?
Wiki User
∙ 13y ago
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
Wiki User
∙ 13y ago
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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.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
Which system brings workers and machines together under on roof to manufacture goods?
factory system
What system brings workers and machines together under one roof and manufacture goods?
The domestic system.
Why free-market system brings efficiency?
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
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.
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
The respirtory system brings what into the body?
It brings oxygen to the body.
The structure that brings about response in the nervous system?
The effector such as a muscle or gland brings about response in the nervous system.
What system brings air to and from the lungs?
The respiratory system.
What system brings nutrients into the body?
Digestive system.
What part of the nervous system brings messages to your brain through your spinal cord?
The sensory nervous system. This brings information into the cord and to the brain.
What does the circulatory system brings to cells?
The circulatory system transports blood loaded with oxygen and nutrients it brings food to each cell of the body
