Give your opinion, which type of market is best to exist and why?

Q: What role does the profit motive play in a market economy?

A: Profits are the factor payment to an organization. Profits are important for a business to run. If…

Q: hich one of the following is not part of the necessary conditions for efficient markets? a.…

A: Efficient market  refers to the market which  is allocatively and productively efficient. It does…

Q: How did social media disrupt freethought? (Use Philippine politics as an example)

A: It is simple to express free opinion on social media, however unfortunately, social media may also…

Q: What are the types of market failures in an economy? and gave two examples of each.

A: Market failure occurs when the price system in the economy fails to factor in all the economic…

Q: What is the Benefit-cost ratio?

A: The process of analyzing the total benefits and total costs associated with the implementation of a…

Q: How do Adam Smith’s principles of the free market play out in our economy today?

A: Adam Smith is a well-known economists till now as he gave many economic theories and models to help…

Q: Why do we have markets, and according to economists, what role should government play in them?

A: Market is a place where the goods and services produced by the companies are exchanged in return of…

Q: What are three important themes in microeconomics

A: Microeconomics studies the behavior of Consumers, firms and workers as well as how the markets are…

Q: Based on the concepts of production and cost. PART A: Several years ago, hurricane Gilbert destroyed…

A: The farmers whose crops were destroyed by hurricane they face losses and whose crops left after the…

Q: What is market reform and individual preferences,

A:

Q: What does the Powerbar model tell us about how creativity fits into a market economy?

A: Ans-    Market power model means a broader market which existing rebranding bar.  It is constant…

Q: How does self-interest help achieve society’s economic goals? Why is there such a wide variety of…

A: The self-interest varies according to various groups of individuals. The group of producers, who are…

Q: What are the major requirements for a group of individuals and organizations to be a market?

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: Productive and allocative efficiencies are among the core concepts in economics. i. Differentiate…

A: Productive efficiency says that the economy can't produce more of one commodity without sacrificing…

Q: What is Economics, and Why Is It Important? What is Studied in Microeconomics and Macroeconomics?…

A: “Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: In a market economy, economic activity is guided by Select one: Oa. the government Ob. prices O c.…

A: Economics: It deals with market study and effects due to which there is a change in the rates of…

Q: Explain how and why the "invisible hand" works to ensure that producers provide quality services and…

A: Invisible hand is simply the idea of how the market gets sorted through the forces of demand and…

Q: As you know about the market (like perfect and imperfect) write in your words about the market which…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: What are the economics market

A: The market is a location where the transaction of services and commodities takes place.

Q: Base on your understanding illustrate what is economics

A: Similar, to other social branches of social studies, such as politics, geography, and history,…

Q: Why are production and competitiveness important in today's economies?

A: Production increases competitiveness and competitiveness increases overall GDP in the economy.

Q: What is social policy?  What are some examples of social policy?

A: Social-policies are the policies that the government(G) and the legislatives make in order to bring…

Q: What is scarce in economics

A: Economics is a subject of social science. It is commonly said that economics is the queen of social…

Q: How should marketers respond to the changing environment?

A: It is essential to be proactive always in this rapidly changing environment for marketers. It is…

Q: what are 2 assumptions that underline the conclusion that free market are efficient?

A: Free Market Economy:It is a system of the market in which prices of commodities are determined by…

Q: s why the market fails

A: Market failure refers to a situation when the market fails to efficiently distributes goods and…

Q: State the main characteristics of a Market Economy and explain how Market Economy works?

A: A market economy is an economic system in which economic decisions and the pricing of goods and…

Q: Write the definition of the Benefit-Cost Ratio?

A: The benefit- cost ratio is used in cost benefit analysis and to summarize the complete relationship…

Q: What is the incentive for producers to produce in a free market? Why is it so important?

A: INCENTIVES/MOTIVATION   What are incentives/motivating forces?  A motivating force is a desire for…

Q: How does a market failure cannot deliver theoretical benefits and what are its effects on the…

A: Market failure is a balance designation of assets that isn't Pareto Optimal - the likely reasons for…

Q: A farmer decides to use land for farming instead of building a golf court what is the opportunity…

A: Answer: Introduction: Opportunity cost: opportunity cost refers to the value of the next best…

Q: how does a market economy and individual right works? explain.

A: The many laws and ordinances that make up the economy are referred to as the economic system.…

Q: Explain the difference between a free good and an economic good.

A: In economics, goods are products that meet human desires and give utility, such as a gratifying…

Q: Question 4 of 10 A market economy is best described as an economy that: A. gives the government…

A: "An economic system include different systems used by businesses/governments to interact and to…

Q: What should we produce? How should we produce it? For whom should we produce it?

A: Answer: Introduction: "What should we produce", "How should we produce it", and "For whom should we…

Q: How does a market economy solve the what, how, and for whom to produce problems?

A: What to produce, how to produce and for whom to produce are three basic economic questions or…

Q: Which of the following questions is not answered by the decisions that every society must make? a.…

A: Three questions to be answered What goods and services are to be produced? How should these be made…

Q: why a person would rather live in a market economy or command economy.

A: When talking about economic system, market economy and command economy are two completely different…

Q: What are examples of society's widely accepted economic goals?

A: Economic goals: - Economic goals are the desired conditions of the people of a country which improve…

Q: What are the advantages of a free market economy?

A: A free market is a type of market economy where prices for all goods and services are regulated in…

Q: In which kind of market, the consumer gets benefitted and why

A: The markets are the place where the buyers, and the suppliers of the goods, services and other…

Q: What does the “invisible hand” of the marketplace do?

A: Invisible hand is the price which brings the equilibrium between the supply and demand. Invisible…

Q: there are nine characteristics of a market economy. choose two that are, in your opinion, most…

A: A market economy is an economic system in which the economic choices and prices of products and…