Q: Why is immigration central to what a free market means?
A: Free market is a place where firms and households are allowed to make buying and supplying decision…
Q: what is economic activity?
A: Economic Activity is not related to something specific, it includes the process of production,…
Q: Which activities are as important as the production of goods?
A: Production of goods refers to the creation of utility. This means combining raw material or input in…
Q: What are the four basic economic questions? How are they answered in a capitalist economy?
A: The four basic questions concerning an economy are: (a) What and how much quantity of goods and…
Q: Describe the types of economic systems.
A: The macroeconomics is the part of the economics which studies the economy as a whole. It studies…
Q: Discuss what markets are?
A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…
Q: What are disadvantages of free market economy ?
A: Free Market Economy is the one in which buyers and sellers act in self-interest. It is open for…
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: What is the main difference between free-market systems and planned systems?
A: A market is a gathering area where people can come together to exchange products and services.…
Q: Why do governments intervene in free-market systems?
A: In a free market system, there is a self-correcting market mechanism and the supply and demand in…
Q: Please give two advantages of a free market economy
A: Free market is the one where government does not make market decisions as the demand and supply of…
Q: why the lack of well-defined and enforceable property rights is detrimental to the smooth…
A: Property rights is legal ownership and theory of resources telling how the resources can be used.…
Q: In a market economy?
A: In a market economy, prices of goods and services and allocation of resources are determined by…
Q: What are some examples of a command economy? Market Economy?
A: In a command economy, macroeconomic and political contemplations decide resource allocation. Command…
Q: Do you think a free market or a command economy is more likely to encourage productive and…
A: Command economy and free market are two opposite firms of an economy because command economy is the…
Q: what are the drawbacks of china's market economy system?
A: China is the largest country in Asia and has the highest population in the world. China follows a…
Q: Is there a change in the resources available to society? explain why.
A: Economics is the study of allocation of scarce resources among alternative uses to satisfy human…
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: What determines the answers to the economic questions under a traditional economy?
A: Traditional economy explain 3 questions which are as:- 1 .what to produce? 2. How to produce? 3. For…
Q: How market mechanism solves the basic economic problems?
A: The market economy will help to solve the economic problems.
Q: What are the advantages of a market economy as compared to a command economy
A: Market economy is a type of economy in which the private businesses control economic matters.…
Q: What are the Indicators of market potential according to Economic factors?
A: The economic indicators measure the performance of various variables and thus make predictions about…
Q: What are the economic markets
A: There are many economic market structures which are differentiated by ts characteristics. All…
Q: How does the capitalism economy give to the communities? How does the capitalism economy take away…
A: Capitalism refers to the market form where people are allowed ti make economic activities according…
Q: Why do most economies in the world today operate somewhere in between a market economy and a command…
A: A free-market economy means the economy where the market is run by the forces of demand and supply.…
Q: Constrast the essential features of a market economy with those of a planned or command economy ?
A: Answer- Difference between market economy & planned or command economy Market economy :- Market…
Q: What is market economy
A: The three major questions any country faces are: (i) What to produce- Resources are limited and…
Q: What drives a free market economy?
A: In a free-market economy, market forces will run the economy, demand and supply are the market…
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: Characteristics of free market economy
A: In every economy, the resources available for satisfying the wants and desires of the individual are…
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: Why is private property, and the protection of property rights, so critical to the success of the…
A: Private property can be legally defined as any resource, asset, or capital the ownership of which is…
Q: What Is Economic Conditions?
A: Economic Conditions: It is the present condition or state of the economy of a country. This…
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: Explain the term free-market economy.
A: There are three types of economies: Free market economy Command economy Mixed economy
Q: In planned economic systems, government agencies control both supply and price of the products.…
A: In planned economic systems, government agencies control both supply and price of the products. This…
Q: hat are examples of free-market economies?
A: Below are the three types of economies:1. Free market economy2. Command economy3. Mixed economy In…
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 types of economic systems? How will you differentiate Command from a Market economy?
A: There is scarcity of resources across the world. These scarce resources undergoes through a…
Q: Write an essay on Market Forces in the Development of Cities.
A: Urbanization can be defined as the actual development of metropolitan regions because of rustic…
Q: What are all the economic market structure and their differences? How to identify the market…
A: Dear Student as you have posted multiple questions, but we can attempt only 1 question at a time…
Q: Advantages of market economy
A: A market economy in which the forces of supply and demand generate price signals that drive…
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- Please provide answers no need long explanation just a simple one. Scenario: As more and more people bought home computers during the 1990s, the demand for access to the World Wide Web and the Internet increased sharply. At same time, new companies like Earl’s began to enter the internet-access market competing with older, more established services such as American Online. Despite a massive increase in demand, the price of access to the Web actually declined. Change in market equilibrium price: Increase Decrease Did not Change Indeterminate Change in market equilibrium quantity: Increase Decrease Din not change Indeteminate Change in Demand: Increase Decrease Din not change Indeteminate Change in Supply: Increase Decrease Din not change IndeteminateExplain different types of competition and also state why is competition good for the consumer from an economics perspectiveIllustrate the relationship between entrepreneurship and consumerism.
- What thing is considered as an integral part of the capitalistic economy? One wordWhat are the main characteristics of a competitivemarket?How do markets operate to bring product into existence? How does that relationship affect supply and demand for the various markets involved? In what ways has the change in supply and demand affected the market? What enabled the many participants in the production of this product to cooperate, and how has this affected the production of the product?
- How are companies able to use the differences in culture to effectively market a product or service to specific groups of people ?Think about getting into the business of selling computer parts and accessories. Which of the following do you feel has the biggest potential for sales among recent college graduates: high-volume storage devices, supercomputers, or mainframe computers? Why? Which of the following is not a benefit of working in the field of selling computer hardware?Is the market efficient or not? Why? 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly: