Questions LLC
Login
or
Sign Up
Ask a New Question
Economic Systems
Types of Economic Systems
Characteristics of Market Economic System
Which economic system involves people owning their own goods and property and Producers being free to decide what goods and services to make and what prices to charge
Market
Traditional
Command
1 answer
Market
You can
ask a new question
or
answer this question
.
Related Questions
What is the main purpose of a market?
a. to allow people to exchange goods and services b. to set prices for goods and services
Which best describes the production of goods in a free enterprise economic system?
(1 point) A.) production based on traditional
How do quotas protect local producers? ( 1 point )
A.) Quotas limit the goods that can be imported, which ensures less
What economic impact did using the labor of enslaved people have on the new settlement?(1 point) Responses There economy boomed
Which of the following statements about consumer goods is correct?
A. Consumer goods must not be free-of-charge. B. Consumer
Which of the following statements best describes property rights?
A. They give owners exclusive legal claims and rights to
Whether a company creates products or services, it requires things like labor, time, tools, land, and raw materials to operate,
Colonists, most of whom were young men, could not vote without _____.
(1 point) Responses owning property owning property a
4. Which best describes the production of goods in a free enterprise economic system? (1 point)
a. production based on
In what way did the nation's growing transportation system help promote economic growth?
A. It made it easier for Native
