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ioda
3 years ago
10

Which of the following best explains how a free-market system has a circular flow of influnces

Social Studies
1 answer:
zimovet [89]3 years ago
6 0

The correct answer is consumers decisions affect producers and producers decisions affect consumers

Free Market is the economic system where trade between individuals and institutions can take place without state interference. It is a decentralized and independent economy, marked by social cooperation: a relationship of voluntary exchange. There is also the division of labor and private ownership of all means of production.

In the <u>Free Market</u>, trade is only possible because each party expects to gain from it. Trade happens because both parties benefit, both can gain, otherwise they would not engage in the trade.

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A multicultural society can increase cultural awareness and understanding between groups. This can foment more creativity and it can make society more dynamic. It is good to build tolerance of our differences and a sensitivity to what others experience. This can increase what anthropologists call empathy for other cultures; you learn to understand and respect another way of viewing the world. There is strength in diversity in the sense that each group can learn about the values of the other and broaden their perspective of the world. In the case of the United States, for example, there have been numerous waves of immigration from Southern Europe, Asia, and Latin America that have made many valuable contributions to help transform our society, especially in terms of economics and building small businesses up from their foundations, for example. Immigrants have contributed their talents, knowledge, and livelihoods to our ever more diverse society.

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