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The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
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An economy in which only the government makes economic decisions is a?
Centrally Planned Economy
System in which the central government makes all decisions on the production and consumption of goods and services?
mixed economy
Match the following actions with the system in which the government performs them.?
Free-market system - Protecting property rights. Socialism - Providing equality of wealth. Planned economy - Making production decisions.
Type ofeconomic system where government makes all the decisions?
republic
Who created market economy?
government and people created market economy . Because government decide the market price . But sometimes people make their own market prices to get more money.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
Who makes the economic decisions in a market economy?
The Market or if you want a "who", consumers and producers.
Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
In a market economy who makes the decisions?
the marketeers or "shop owners". make desicions
Who makes the decisions in the market economy?
The consumer who influences the market and the country's laws regarding business.
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
In a market economy who makes the decisions that guide most economic activity?
firms and households
What type of economy does individuals and private groups make decisions about what to produce?
Market economy
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
How are decisions made in a market economy?
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
In what economy do individuals make their own decisions?
Free market economy
