Question

In market economies, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. This is because.

Answer 1

In a market economy, companies rarely worry about the availability of inputs to manufacture their products, but in a command economy, the availability of inputs may not adequately meet consumer demand. It is always a concern as it is decided by a planner.

In a market economy, companies rarely worry about the availability of inputs to manufacture their products, but in a planned economy, input potential may not adequately meet consumer demand. It is always a concern as it is determined by. The availability of inputs will be determined by the market that may not provide the appropriate inputs. In a market economy, input buyers know that consumers want a product.

In a market economy, input buyers know that sellers want to make a profit. There are four types of economies: traditional, command, market, and mixed (combination of market and command).

The market economy, also known as the free market economy or the free enterprise economy, is a system in which economic decisions such as the prices of goods and services are determined by demand and demand.

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