1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali5045456 [20]
3 years ago
10

What is the goal of all economic decisions in a market economy?

Social Studies
1 answer:
kykrilka [37]3 years ago
6 0

Market economy is understood as the organization and allocation of the production and consumption of goods and services arising from the interplay between supply and demand. The characteristic that defines the importance of the market economy is that decisions about investment and the allocation of production goods are made mainly through markets.

In a market economy, producers and consumers can interact in the market. It is assumed that both types of economic agents assume the price of the goods as a given data (that is, they are "price acceptors" - "preneurs de prix" in French, "price takers" in English.- See Origin and assumptions in "Law of Walras".) And, from there, they make their production and consumption decisions, seeking to maximize the gain in the case of the bidders and the utility function (satisfaction) in the case of consumers. The participation of these actors, offering and demanding quantities of goods and services, in turn alters market conditions affecting the evolution of prices.

You might be interested in
How did the skyes picot agreement negatively affect the ethnic groups in the middle east
ollegr [7]

The Sykes-Picot Agreement, also known as the Asia Minor Agreement, might seem to have little relevance in today’s times, as it dates back to the World War I era. However, this agreement is still one of the major factors of unrest in the Middle East.

8 0
3 years ago
Word bank. In the top box below are some of the basic vocabulary words that we will be using during this unit. In the bottom box
DaniilM [7]

Answer:

to be honest

Explanation:

i dont know

7 0
2 years ago
Which of the bodies of water is not located along Canada’s coasts?
natulia [17]

The Gulf of Mexico is located far away from Canada - it's south of the United States, and East of Mexico- so it's not located along Canada's coast. This is the correct answer. The Beaufort Sea and the Hudson bay are actually parts of the Arctic Ocean and they are to the North of Canada.

5 0
3 years ago
How is terrorism a violation of criminal law?
AlladinOne [14]
It is a violation of criminal law because terrorists kill innocents. To kill another being is against the law.
6 0
3 years ago
Do the economic benefits of free trade outweigh the social costs?
mamaluj [8]

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Do the economic benefits of free trade outweigh the social costs?

Not really, and it all depends on the perspective.

From the big companies and industrial side, free trade has been a success. Free trade has allowed thousands of companies to export their goods with cero import tariffs, benefiting the income. It has allowed multinational companies to go abroad and establishing branches in different parts of the world, basically in underdeveloped nations.

Once there, they paid very low salaries, much less than what they should have paid in their former countries, That is a reason why they moved to underdeveloped countries. So cheap labor is one reason. And other these multinational companies freely exploit the many raw materials and natural resources of that underdeveloped country.

Meanwhile, free trade makes rich people and corporations richer, and poor countries and poor people continue to be as poor as they have always been. No serious progress at all,

8 0
2 years ago
Other questions:
  • Ostriches don’t use their wings for flight, but they do use them for other functions, such as mating rituals and balance. Many a
    13·2 answers
  • Which of the following is NOT an aspect of a family with a strong foundation?
    12·2 answers
  • How did the budda say people should live
    10·2 answers
  • _____ refers to the tendency to take credit for one's own successes and to deny responsibility for one's own failures.
    8·1 answer
  • Employee performance on the job is primarily a function of the employee's: A. supervision and motivation. B. traits and behavior
    9·2 answers
  • During their sessions together, Maria is instructed by her therapist to talk in an uninhibited manner, thus allowing her thought
    10·1 answer
  • Which of the following is not a requirement in Virginia to vote?
    10·2 answers
  • What military branch should i join
    7·1 answer
  • Many judges are inclined to place an offending juvenile in a secure residential facility as opposed to treating the juvenile in
    6·1 answer
  • Luckily, data indicates that a very small percentage (i. e. fewer than 20%) of the population believes it is acceptable to defra
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!