2 years ago

In economics, a free market is best described as

2 answers:

7 0

Answer:

In free market system the prices of goods and services are decided by the market and the consumers, law of demand and supply is not interfered by the government. It is different from the regulated market as in the regulated market the government can intervene in demand and supply by creating barriers. The forces of supply fix the price of goods and services in the free market economy. Competition is the main driving force of free market economy.

blsea [12.9K]2 years ago

6 0

Free markets are viewed as a system in which the prices of goods are determined by consumers

You might be interested in

What was the basis of Mississippi's economic success in the 1800s?

kirza4 [7]

Answer:

Explanation:

3 0

2 years ago

Read 2 more answers

. Protecting United States allies from enemies and domestic terror is considered which of the following "aims of foreign policy?

Artemon [7]

I want to b would be the answer

3 0

2 years ago

Prison officials know that a prisoner named Ray faces a substantial risk of serious harm from a fellow prisoner. The prison offi

liq [111]

Answer:

True

Explanation:

The Eighth Amendment of the Constitution states:

'Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.'The amendment is meant to safeguard Americans against excessive punishments. The fact that the prison officals delibrately disregarded the risk of Ray being harmed and he was seriously harmed, so he doeve a strong argument because he has a right to be freed from cruel and unusual punishment.

6 0

2 years ago

How does degradation in quality of life occur?

enot [183]

Answer:

If anyone is looking down a upon a person or persons.

Explanation:

It would be if everyone or a particular group of people looked down upon life.

7 0

2 years ago

Matthew lives his life by christian principles, attends church twice a week, and is actively involved in a bible study. when fac

8_murik_8 [283]

Matthew must be a Catholic

4 0

2 years ago