there are nine characteristics of a market economy. choose two that are, in your opinion, most important and tell me why you selected them

Q: A mixed economy is a combination of a __________ and _____________. a. microeconomics and command b.…

A: A mixed economy system is a system that integrates both capitalism and socialism. A mixed economic…

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: Explain how markets can allocate resources in a way that they go to those who value them the most.

A: Prices are important in resource allocation. There are benefits and drawbacks to using the price…

Q: if you want to have anything good you have to do it yourself violates which principle of economics

A: This violates the principle of Economics that says "Trade can make everyone better off". This…

Q: Discuss what markets are?

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

Q: Which of the following is NOT true of a market economy? Decisions are regulated by a central agency.…

A: Option D is wrong  It relies millions of individual economic dicision to determine economic output…

Q: What is market reform and individual preferences,

A:

Q: What are two components of laissez-faire economics? controlled economy O capitalism communism free…

A: OPTION B - Capitalism OPTION D - Free Market Economy In a Laissez-faire economy, there is zero…

Q: Which of the features of American Free Market Economy gives choices to consumers?

A: The U.S. economy is a free market(M) economy – a market that is controlled by market demand and…

Q: How equilibrium is determined in microeconomics?

A: Equilibrium is defined as a state in the economy where all economic forces are balancing each other.

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: What does the number of buyers affect?    A. all individual supply curves  B. the market supply…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: The word economics is closely associated with the word a. free b. all of the above c. plenty d.…

A: The global economy is the aggregation of all the economies together. The characteristics of the…

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: In capitalist economy, does it project a fair price for the consumer?

A: There are various types of economy . Capitalist economy, socialist economy and mixed economy . Where…

Q: . What is the benefit of something measured by what you are willing to give up?

A: Measuring the things which are going to be given up will help to compare the decisions, the cost and…

Q: In deciding to produce a given good, an individual would always choose A. The process that uses the…

A: To determine the production method that a producer must always choose.

Q: Place each example in the appropriate category. Typical of market economies

A: Market economies are the economies that are generally based on demand and supply. There is freedom…

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

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: In a market economy?

A: In a market economy, prices of goods and services and allocation of resources are determined by…

Q: advantages and disadvantages of positive economics

A: Positive economics: It means the analysis of objectives in the study of economics.

Q: According to economists, economic self-interest:         is a reality that underlies economic…

A: In economics, the problem of scarcity which is universal in nature is studied and addressed. Because…

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: Types of demand in economics

A: Demand can be categorized into different types on the basis of various factors. For example, factors…

Q: If executives of various firms met in a smoke-filled hotel room to fix prices and to allocate which…

A: Meeting in a hotel room to fix prices is the practise of collusion of setting prices that are above…

Q: People must make choices because the amounts of resources:    a. are unlimited.    b. are…

A: The employment of resources in the economy to create new goods and services to satisfy the wants of…

Q: What is commodity A.something that producers unable to sell to consumers B.A resource that is…

A: A commodity is a basic good used in trade that may be exchanged for similar products. Commodities…

Q: According to economists, competitive market provides best outcome for consumer, lowest possible…

A: Policymakers and examiners have been voicing worries about the rising grouping/concentration of…

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: Why perfect market does not exist? Please explain.

A: The answer is given below.

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: What is the goal of a firm in a market economy?

A: In a market economy(free markets), the prominent goal of a firm or business entity is to maximize…

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: He described economics as a science of material welfare

A: To find : Who describes economics as science of material welfare

Q: to become an agricultural economist is it more important to know agriculture or to know economics…

A: Agricultural economics refers to the economic system that produces, distributes, and consumes…

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 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: what first sink in your mind when we call applied economics

A: In an economy, the study of economics is further classified into parts such as public economics,…

Q: "As you shop for produce at the local farmer's market, you see many fruits and vegetables being…

A: This is the case of pure competition. A pure competition is the one in which there will be large…

Q: Advantages of market economy

A: A market economy  in which the forces of supply and demand generate price signals that drive…