Description : One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty
Last Answer : (4) consumer's sovereignty Explanation: Consumer Sovereignty is one of the features of a free market economy. It refers to the assertion consumer preferences determine the production of goods and ... market performance is in fact responsive to the specific wants of the consumers within the system.
Description : One of the features of a free market economy is (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer’s sovereignty
Last Answer : consumer’s sovereignty
Description : What is meant by free market economy ?
Last Answer : Capitalist economic system is called free market economy. In this economic system the production , distribution , distribution of goods are all driven by the interaction of demand for ... individual ownership of society and the freedom of individual decision making in production and distribution.
Description : What is a free market economy ?
Last Answer : An economy in which the government has no influence is called a free market economy.
Last Answer : Free market economy was introduced in Bangladesh in 1991.
Description : Why did liberals support a free-market economy?
Last Answer : What is the answer ?
Description : What did Adam Smiths idea of the free market economy propose?
Description : What is the reasoning behind forcing people to pay taxes in a free market economy?
Last Answer : To provide revenues for government programs needed to protect the free market. -apex
Description : A 'Market Economy' is one which - (1) is controlled by the Government (2) is free from the Government control (3) in influenced by international market forces (4) All of these
Last Answer : (2) is free from the Government control Explanation: A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the ... little government intervention or central planning. The United States is the world's premier market economy
Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above
Last Answer : : b) A nation that trades with other nations in goods and services and financial assets
Description : What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above
Last Answer : : a) Minimal government intervention in trade and minimum regulations
Description : In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and ... of various commodities produced (4) the Government controls the allocation of all the factors of production
Last Answer : the Government does not interfere in the free functioning of demand and supply forces in the market
Description : A ‘Market Economy’ is one which (1) is controlled by the Government (2) is free from the Government control (3) in influenced by international market forces (4) All of these
Last Answer : is free from the Government control
Description : Explain any four features of the colonial economy of Vietnam. -SST 10th
Last Answer : (i) The colonial economy in Vietnam was primarily based on rice cultivation and rubber plantation owned by the French and a small Vietnamese elites. (ii) Rail and port facilities were ... plantation. (iv) Agriculture production was very low. There was extensive indebtness among the peasants.
Description : Explain three major features of global agricultural economy that had taken shape towards the close of nineteenth century. -SST 10th
Last Answer : By 1890, a global agricultural economy had taken shape, accompanied by complex changes in labour movement patterns, capital flows, ecologies and technology. (i) Food no longer came from a nearby ... and by ships manned by low-paid workers from Southern Europe, Asia, Africa and the Caribbean.
Description : What are the two negative impacts of the high percentage of non-working population on the Indian economy ? -Geography
Last Answer : The two negative impacts are : 1. Low Economic Progress: Due to a large number of people being unemployed, there is poverty and low standard of living. 2. Poor Social Welfare: It corresponds to a high burden of youth dependency on Indian economy.
Description : 1. Which Act formally introduced the principles of elections for the first time? 2. What is the negative logarithmic value of hydrogen on called? 3. Who wrote the book Planned Economy for India ... in summer mainly? 20. Who was the first European to translate the Bhagwad Gita into English?
Last Answer : Answer : 1. Indian Councils Act, 1909 2. pH 3. M. Visvesvaraya 4. Lakshadweep 5. Akbar 6. Methanoic acid 7. Bat 8. In the Supreme Court 9. Karnataka 10. Aurangzeb I 11. Exchange ... Aurangzeb 16. Aestivation 17. Chairman of Rajya Sabha 18. Chromatography 19. Due to western Ghats 20. Charles Wilkins
Description : Why are some people always looking for negative things to say about other people's physical features ?
Last Answer : Because their moms were the only ones that ever loved them and they know it.
Description : Features of clindamycin include the following: A. It is primarily active against aerobic gram negative bacilli B. It can be used topically to treat infected acne vulgaris C. It is not absorbed orally D. It is used to treat pseudomembranous enterocolitis
Last Answer : B. It can be used topically to treat infected acne vulgaris
Description : Distinctive features of gatifloxacin include the following except: A. Higher affinity for the enzyme topoisomerase IV B. Activity restricted to gram negative bacteria C. Potential to prolong QTc interval D. Employed to treat community acquired pneumonia
Last Answer : B. Activity restricted to gram negative bacteria
Description : Do you think that all of the great new economy cars that GM is suposed to be making are what the market will buy?
Last Answer : I think US way of perceveing what is a pro or a con in a car model has irreversibly changed after last autumn. Maybe you won't like those kind of cars,(in fact this is really probable, since ... but this is a (painful) improvement that economy in the crisis/ecology in the 21st century' do require.
Description : “ What is the difference between a pure market economy and a mixed-market economy “?
Last Answer : In a mixed-market econom, the government imposes regulations on the production of goods and services.
Description : What is market economy ?
Last Answer : Market economy refers to an economic system in which all economic activities, including production and distribution of goods and services, are governed and controlled by market forces.
Description : What is the market ? What is the market in the economy ?
Last Answer : In economics, market does not refer to a specific place , but refers to the transaction of a particular commodity by fixing the price through bargaining between buyers and sellers.
Description : Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital stock of the economy is valued at ₹ 1, 20 , 000 crores , whic
Last Answer : Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital ... 000 crores . Estimate National Income of the economy.
Description : If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` subsidies to get National income of the economy.
Last Answer : If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` ... Divide C. Subtract , Add D. Subtract , Divide
Description : In a pure market economy who determines which goods and services are produced and in what quantities?
Last Answer : Need answer
Description : What would most likely increase the price of a product in a market economy?
Last Answer : Feel Free to Answer
Description : Why do people work in a market economy?
Description : Why do firms produce goods and services in a market economy?
Description : What are the potential benefits of moving from a command economy to a market based system?
Description : How is A market economy is regulated by the interactions between which two things?
Description : How A market economy is regulated by the interactions between which two things?
Description : What people in a market economy specialize what do they depend on to make sure their needs are addressed?
Description : How have eastern European countries taken the best of both communist rule and a market economy?
Last Answer : The ideas of the two philosophies are not compatible so noEuropeans have taken them to use them together. To have an marketeconomy freedom is needed for the production, but communism doesn’tallow for the free creation of capitalism.
Description : What is the basis for a market economy?
Description : What is the best economy car on the market?
Last Answer : The Honda Civic is widely regarded as the most popular economy car on the market. However at this moment it seems that the Ford Focus is every bit as good a vehicle based on price, efficiency and reliability. These two vehicles are basically in a flatfooted tie with several other makes close behind.
Description : Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy
Last Answer : (3) Integration of the domestic economy with the world economy Explanation: Globalization is the process of international integration arising from the interchange of world views, products, ... globalization refers to processes that promote world-wide exchanges of national and cultural resources.
Description : )A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased ... period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy
Last Answer : (3) the improper growth of the economy Explanation: When national output is multiplied by present ruling price, we obtain national income at current prices. On the other hand if the national output is ... not indicate increase in product or output, but is rather due to the rise in price level.
Description : A mixed economy works primarily through the - (1) market mechanism (2) central allocative machinery (3) market mechanism regulated by Government policy (4) market mechanism guided by Government participation and planning
Last Answer : (4) market mechanism guided by Government participation and planning Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, ... enterprises and the accumulation of capital remain the fundamental driving force behind economic activity.
Description : In a Capitalistic Economy, the prices are determined by : (1) Demand and Supply (2) Government Authorities (3) Buyers in the Market (4) Sellers in the Market
Last Answer : (1) Demand and Supply Explanation: Capitalism generally refers to economic system in which the means of production are largely or entirely privately owned and operated for a profit, structured on the ... and services lead to higher prices and lower demand for certain goods lead to lower prices.
Description : A type of market in which there is a relatively high degree of concentration is referred as _____ A. Mortgage Refinance B. Oligopoly C. Near Money D. Open Economy
Last Answer : B. Oligopoly Explanation: Large number of potential buyers but only a few sellers is known as Oligopoly.
Description : Globalization is beneficial for firms because: A. It protects them against foreign competition. B. It cushions them from the effects of events in other countries. C. It opens up new market opportunities. D. It increases the risk and uncertainty of operating in a globalizing world economy.
Last Answer : It opens up new market opportunities.
Description : In a pure market economy, which of the following is a function of the price? I. provide information to sellers and buyers , II. provide incentives to sellers and buyers a. I only b. II only c. both I and II d. neither I nor II
Last Answer : c. both I and II
Description : The goal of a pure market economy is to best meet the desires of a. consumers b. companies c. workers d. the government
Last Answer : a. consumers
Description : If the total production in an economy is produced by “a few big firms” than this market is known as (a) Monopolistic Competition (b) Duopoly (c) Oligopoly (d) Discriminating Monopoly
Last Answer : (b) Duopoly
Description : If the total production in an economy for a product is produced by a few big firms, then this market is known as : (a) Monopolistic Competition (b) Oligopoly (c) Duopoly (d) Discriminating Monopoly
Last Answer : Oligopoly
Description : The regime of Mikhail Gorbachev differed from that of Brezhnev in that Gorbachev a. Closed churches in Soviet Union b. He prevented private ownerships c. He imposed strict censorship d. He allowed elements of a market economy
Last Answer : d. He allowed elements of a market economy
Description : Private ownership of property and resources is a characteristic of _____________ economy. a) socialist b) command c) market d) traditional
Last Answer : c) market
Description : A set of complex and closely connected instructions, agents, practices, markets transactions, claims and liabilities relating to financial aspects of an economy is referred as: _____. a. Financial system b. Financial market c. Financial institution
Last Answer : a. Financial system