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

Fill in the missing steps and justification
The federal office of minority health (omh) was established by ________ in 1986.
Which describes emotional intimacy?
How much heat is needed to raise the temperature of 8g of water by 15oC?
im really stuck on this one. can someone help me? And please give me the right answer. ive been getting wrong answers
Amber's punch recipe called for 3 quarts of soda and 2 1/2 quarts of fruit juice how many quarts of soda will she need to make 100 quarts of the same punch is
DDT (dichlorodiphenyltrichloroethane) is a manmade pesticide that was designed to kill insects that carried diseases. However, the pesticide was found to cause
The area or the window that shows the current folder location​
Select the correct answer. Why is the primary mirror in a telescope curved? A. to magnify the image B. to direct light rays to a focal point to intensify them
Evaluate the expression. 9! - 4!(5!)