What is the basis for a market economy?

What is the basis for a market economy?
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15. How are the activities in the economy classified on the basis of employment conditions? -SST 10th

Description : 15. How are the activities in the economy classified on the basis of employment conditions? -SST 10th

Last Answer : On the basis of the employment conditions, the economy can be classified into two sectors:Organised Sector: Enterprises registered under the Government of India, who have an employee-friendly ... Small and scattered units which are temporary. The employees in this sector are paid less.

How can the economy be classified on the basis of the nature of activity? -SST 10th

Description : How can the economy be classified on the basis of the nature of activity? -SST 10th

Last Answer : 'On the basis of economic activities in which the workers are engaged in the economy is divided into the following: • Primary Sector • Secondary Sector • Tertiary Sector

Classify the sectors of economy on the basis of ownership. -SST 10th

Description : Classify the sectors of economy on the basis of ownership. -SST 10th

Last Answer : Public Sector : (i) The government owns most of the assets and provides all the services. (ii) The purpose of the public sector is not first to earn profits. Government raises money through ... ) Tata Iron and Steel Company (TISCO) or Reliance Industries Ltd.(RIL) are examples of private sector.

In an economy, the sectors are classified into public and private on the basis of - (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Description : In an economy, the sectors are classified into public and private on the basis of - (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Last Answer : (3) ownership of enterprises Explanation: The classical breakdown of all economic sectors is: primary, secondary and tertiary. However, on the basis of ownership, the sectors are: business sector, private sector (privately run businesses), public sector (state sector) and voluntary sector.

In an economy, the sectors are classified into public and private on the basis of (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Description : In an economy, the sectors are classified into public and private on the basis of (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Last Answer :  ownership of enterprises 

Do you think that all of the great new economy cars that GM is suposed to be making are what the market will buy?

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.

“ What is the difference between a pure market economy and a mixed-market economy “?

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.

What is meant by free market economy ?

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.

What is market economy ?

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.

What is a free market economy ?

Description : What is a free market economy ?

Last Answer : An economy in which the government has no influence is called a free market economy.

What is the market ? What is the market in the economy ?

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.

When was the free market economy launched in Bangladesh ?

Last Answer : Free market economy was introduced in Bangladesh in 1991.

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

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.

If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` subsidies to get 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

In a pure market economy who determines which goods and services are produced and in what quantities?

Description : In a pure market economy who determines which goods and services are produced and in what quantities?

Last Answer : Need answer

What would most likely increase the price of a product in a market economy?

Description : What would most likely increase the price of a product in a market economy?

Last Answer : Feel Free to Answer

Why do people work in a market economy?

Description : Why do people work in a market economy?

Last Answer : Feel Free to Answer

Why do firms produce goods and services in a market economy?

Description : Why do firms produce goods and services in a market economy?

Last Answer : Feel Free to Answer

What are the potential benefits of moving from a command economy to a market based system?

Description : What are the potential benefits of moving from a command economy to a market based system?

Last Answer : Feel Free to Answer

Why did liberals support a free-market economy?

Description : Why did liberals support a free-market economy?

Last Answer : What is the answer ?

What did Adam Smiths idea of the free market economy propose?

Description : What did Adam Smiths idea of the free market economy propose?

Last Answer : What is the answer ?

How is A market economy is regulated by the interactions between which two things?

Description : How is A market economy is regulated by the interactions between which two things?

Last Answer : What is the answer ?

How 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?

Last Answer : What is the answer ?

What people in a market economy specialize what do they depend on to make sure their needs are addressed?

Description : What people in a market economy specialize what do they depend on to make sure their needs are addressed?

Last Answer : Need answer

How have eastern European countries taken the best of both communist rule and a market economy?

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.

What is the best economy car on the market?

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.

What is the reasoning behind forcing people to pay taxes in a free market economy?

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

What's one of the negative features of a free market economy?

Description : What's one of the negative features of a free market economy?

Last Answer : While a market economy has many advantages, such as fostering innovation, variety, and individual choice, it also has disadvantages, such as a tendency for an inequitable distribution of wealth, poorer work conditions, and environmental degradation

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

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.

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

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.

)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 production in the current period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

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.

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

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.

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

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.

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

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

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

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.

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.

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.

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

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

The goal of a pure market economy is to best meet the desires of a. consumers b. companies c. workers d. the government

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

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 nations in goods and services and financial assets c) An economy that operates without government intervention d) None of the above

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

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

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

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

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

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

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

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

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

Private ownership of property and resources is a characteristic of _____________ economy. a) socialist b) command c) market d) traditional

Description : Private ownership of property and resources is a characteristic of _____________ economy. a) socialist b) command c) market d) traditional

Last Answer : c) market

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

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

Natural rate of unemployment increases due to A. General downturn in business activity B. Changes in labor market C. Structural changes in economy D. Frequent changes of jobs by labor

Description : Natural rate of unemployment increases due to A. General downturn in business activity B. Changes in labor market C. Structural changes in economy D. Frequent changes of jobs by labor

Last Answer : D. Frequent changes of jobs by labor

The importance of price to a particular target market depends on the type of product, the type of target market, and the A)state of the economy. B)availability of substitute products. C)purchase situation. D)amount of discretionary income in the target market.

Description : The importance of price to a particular target market depends on the type of product, the type of target market, and the A)state of the economy. B)availability of substitute products. C)purchase situation. D)amount of discretionary income in the target market.

Last Answer : C)purchase situation.

The goods and the services produced, priced and distributed by the government is ___. A. Market economy. B. Secular economy. C. Command economy. D. Mixed economy.

Description : The goods and the services produced, priced and distributed by the government is ___. A. Market economy. B. Secular economy. C. Command economy. D. Mixed economy.

Last Answer : C. Command economy.

The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. Classical economics could not explain these problems because its models assumed all of the following EXCEPT (a) prices are flexible ; (b) recessions were self correcting (c) wages would adjust in the labor market, thereby eliminating unemployment (d) the government should intervene in the economy

Description : The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. ... the labor market, thereby eliminating unemployment (d) the government should intervene in the economy

Last Answer : (d) the government should intervene in the economy 

GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) Sum of goods and services exported during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Description : GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) ... during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Last Answer : (a) The market value of all goods and services produced in the domestic economy during the year ;