3 years ago

In one or two sentences, describe the method used to distribute goods and services in a free market economy

1 answer:

8 0

In a free market economy, the price and distribution of goods and services is governed by the law of supply and demand. Producers or firms produce those services and goods that consumers are willing and able to pay for in the market.

You might be interested in

Name 3 reasons why America went to war with Great Britain??

Bas_tet [7]

Answer: 1. Because of the unfair taxes

2. Because of the unfair laws

3. Because britian treated the American people ask if they were tress of

hope this helped brutherrr

7 0

3 years ago

Describe why and how the government raises money to pay for its services.

zimovet [89]

Answer:

the government raises about 10% of its revenues from other sources, including "excise" taxes on products such as alcohol, Tobacco and gasoline; custom duties and taxes on Imports of foreign Goods "tarrifs"

3 0

3 years ago

Read 2 more answers

Explain the scientific revolution.

Reil [10]

Is a concept used by historians to describe the emergence of modern science during early modern period.

6 0

3 years ago

Federal, Social Security, and Medicare are all types of taxes, true or false?

boyakko [2]

Answer:

true