Posted by Lauren on Friday, October 1, 2010 at 6:58pm.
free market capitalism? Prices are set by demand and supply alone, with no artificial price or demand restrictions.
Think of a lemonade stand run by kids. If they charge ten cents a glass, they'll probably sell a lot of lemonade. But if they raise the price to $1.00 a glass, they probably won't have many customers.
That's free market capitalism. The merchant decides what price to charge for his product in order to make the most profit.
Related Questions
Capitalism - Hi. I would like to know what Capitalism is in simple terms. From ...
Free Market - Would please like to know about Free market in simplified Terms. ...
Geography - What is colonalism? When I searched it all the definitions are so ...
Biochemistry - Could someone please explain to me what Lineweaver Burk plot is ...
Government - A market in which buyers and sellers are free to buy and sell as ...
Chemistry - What is the difference between Entropy, Enthalpy and Free Energy. I...
Social Studies - Compare and contrast the economic theory of communism to the US...
History Ms. Sue - This is from the website that you gave me about four freedoms ...
vocabulary - what is self delusion? the definitions online are very confusing.....
Laissez-faire - Please simplify this for me. Cant understand this at all. ...
For Further Reading
