These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.
<h3>What is Market Economy?</h3>
Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.
There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.
The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.
Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.
Learn more about Market economy here:
brainly.com/question/14164189
#SPJ1
Answer:
the reason for economic regulation is for that the economy will be maintained and not be distrupted and it will be to grow higher
Sociotechnical systems theory, quantitative management, organizational behavior, and systems theory are all examples of scientific management approaches to management.
<h3>What is
scientific management?</h3>
Scientific management is a theory that analyzes how workflows this is to improve the efficiency of the economy.
- It includes logic, rationality, sociotechnical systems theory, quantitative management, and organizational behavior.
Therefore, sociotechnical systems theory, quantitative management, organizational behavior, and systems theory are all examples of scientific management approaches to management.
For more details on scientific management kindly check brainly.com/question/13191706
Explanation:
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
