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Why is there such a wide variety of goods and services in a market system?
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There is a wide variety of desired goods and services in a market system because?
There is a wide variety of desired goods and services in a market system because people can always make money by developing new and better products to compete with existing ones.
What is an important advantage of a free-market?
it offers a wide variety of goods and services
What economic system is characterized by the unregulated exchange of goods and services.?
Free Market is characterized by the unregulated exchange of goods and services.
What economic system in which decision on production and consumption of goods and services are based on voluntary exchange in market?
The Market
This economic system is characterized by the unregulated exchange of goods and services?
Free Market (OW)
There is a wide variety of desired goods and services in a market system because?
There is a wide variety of desired goods and services in a market system because people can always make money by developing new and better products to compete with existing ones.
What is an important advantage of a free-market?
it offers a wide variety of goods and services
What economic system is characterized by the unregulated exchange of goods and services.?
Free Market is characterized by the unregulated exchange of goods and services.
What economic system in which decision on production and consumption of goods and services are based on voluntary exchange in market?
The Market
This economic system is characterized by the unregulated exchange of goods and services?
Free Market (OW)
How are goods and services distributed in a free-market system?
they are bought and sold by the people (gradpt)
How are goods services distributed in a free market system?
they are bought and sold by the people (gradpt)
How are goods and services distribution in a free market system?
they are bought and sold by the people (gradpt)
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
Which market or markets are consumer goods and services bought into?
Goods or services bought by a consumer are bought in the consumer market. The consumer market includes fast moving consumer goods, consumer durables, soft goods and services.
In a market system what determines how many goods and services an individual can buy?
The Price,Supply, and Demand.
The market system's answer to the fundamental question How will the goods and services be produced?
using the least-cost production
