KiwiJelly6506 KiwiJelly6506
  • 04-09-2019
  • Social Studies
contestada

When voluntary exchanges in the markets determine decisions on production and consumption, the society's economic system is a:

Respuesta :

Nyctalus
Nyctalus Nyctalus
  • 10-09-2019

Answer: capital in nature.

Explanation: In a capital market structure, the price of goods and services produced are determined by the market forces of demand and supply. In these economies private owners willingly makes exchanges to maximize their profits.

The production and consumption under such economies are purely determined by the market forces, as the intervention from Govt. is minimal.

Answer Link

Otras preguntas

53/20 simplified to a percent and decimal
Doug says the opposite of -2/5 is 5/-2. is Doug correct?
Why are the nucular reactions that occur in the center of the sun critical to life on earth
PLEASEEEEE ANSWERRRRRR 40 POINTSSS !!!!!! What is Long referring to when he talks about "this land flowing with milk and honey”? a nation where most of the weal
Number 2 is the question
A scientist studied the migration pattern of two types of whales. Humpback Whales traveled 2,240 miles in 28 days. Gray Whales traveled 2,368 miles in 32 days.
I fell asleep in class and Im failing, pleaseeee help!
-17(x - 5) 9 B. x > -1 C. x < -1 D x < 9
100,85,70,_,40 What is the number pattern?
What would happen if the level of carbon dioxide in the air dropped 1.Earth's temperature would drop because more solar energy from the Sun would reach us. 2.Ea