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Generally speaking, a company in a free market economy must set prices for its products that are "competitive" with other companies in the same line of business. If a company is inefficient in its operations, it won't be able to remain in the market of its competitors and may go bankrupt.
What else can I help you with?
What is meant by efficiency continuum?
The efficiency continuum refers to capital markets. Within a capital market, if something is reasonable and efficient to the market, it is said to be on the efficiency continuum.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What do capital controls prevent?
Capital controls prevent hasty movements of money into and out of a country's economic system.
What is a set of assumptions that shows how a market works?
market economy.
Why is liquidity important to the financial manager?
how does market liquidity, competitiveness, and efficiency impact financial managers in regards to telecommunications AT&T and Verizon Wireless
Why is the economic efficiency of market economies important?
it is major factor in nation's wealth
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Match the economic system with the players who are responsible for the important economic decisions?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
In which economic system do individuals answer the basic economic questions?
market economy
What are three main economic systems?
market economy planed economy mixed economy
Do you have a free market system in the US?
The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.
The Four economic systems?
There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.
What economic system is bartering in?
an economic system based on exchanging goods rather than paying for them- apex :)
What are the 4 economic systems?
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
What is the economic system in the Bahamas?
The economic system in the Bahamas is a market economy. Tourism is a major part of the Bahamas economy.
Match the economic system with the players who are responsible for the important economic decisions.?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
What are the 4 main types of economic systems?
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
