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Why market economies are becoming popular around the world?
market economies are found in democratic forms of government
Two countries with market based economies?
There are several countries that have a market based economies. France and England are two countries that have this type of economy.
What needs and wants are hard to answer for Government intervenes in market economies?
Money makes is hard to determine what needs and wants people can afford. The government has difficulty intervening in market economies because financial situation vary greatly.
What best describes the majority of countries in OPEC?
They are not extensively industrialized. Their economies rely heavily on exports.
A major immediate goal of the European Common Market has been to?
The European Common market sought to encourage trade between several nations, especially member nations.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What is meant by transition economies?
The economies which are converting from social market system to capital market system
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why market economies are becoming popular around the world?
market economies are found in democratic forms of government
What is the outline of the benefits of free market economies to owners of firms?
what does the free market economies benefits to owners
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
Why are most economies refered to as mixed economies?
poverty is always higest in countries with market economies
What are the three main types of economies?
Command, traditional, and market economies
Are most economies today are purely free market economies?
False
