A market economy has several aspects that characterize it. It is very rare that all of these aspects are realized completely.
1) In this type of economy the government doesn't intervene.
2) Resources are privately owned. Goods and services are given by the individuals.
3) There has to be freedom of choice to buy and sell whatever the people want. Freedom of enterprise to start any business you want.
4) Every entrepreneur sees for himself and looks to maximize their profit. They act on self interest.
5) Competition is very important for a market economy to work. <u>In theory</u>, when there's competition the market will regulate itself preventing price and power abuses and guaranteeing the best price for the costumer.
Answer:
All of the above
Explanation:
The free press clause guarantees that people can publish any lawful material without fear of punishment by the government, even if that material is critical of the government. This meant anything that criticized the government or its officials.
So it is 4. All of the above
Answer: Because it would cause lives and money.
Explanation:
Answer:
Tabuk, Saudi Arabia According to Ar-Rahīq al-Makhtum, a modern Islamic hagiography of Muhammad written by the Indian Muslim author Safi-ur-Rahman Mubarakpuri, the reason for war against the Byzantine Empire, was that one of Muhammad's ambassadors was killed by Sharhabeel bin 'Amr Al-Ghassani (the governor of Al-Balqa).
Explanation:
Answer:
China has more economy than Japan, in fact, China currently has the largest economy in the world, but in fact Japan is a more developed country than China, and this happened because the income of Japan is well distributed to the and in Japan there is more freedom of private initiative.
