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
Nonamiya [84]
3 years ago
6

In economics, a free market is best described as

Social Studies
2 answers:
AVprozaik [17]3 years ago
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]3 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
Government stabilizes the value (purchasing power) of money by appropriate _________ policies and effective control over the mon
Kobotan [32]

Answer: monetary policies

Explanation:

The monetary policy is the economic policy used by the central bank to control the supply of money or to mop up the excess liquidity in the economy in order to achieve the objective of controlling inflation in the economy through the use of the following monetary policy instruments

Open market operation : This is used when the central bank feels that the money in circulation is too little and wants to increase it, the bank will buy treasury bill from the commercial banks and give the commercial banks money. This will increase the money in circulation. But if the central bank feels that the money in circulation is too much and it wants to withdraw some, then the central bank sells treasury bill to the commercial banks and collect money from commercial banks this will decrease the money in circulation

Bank Rate : The bank rate determined the interest rate charged by banks on its loan. If the bank rate is high, the interest rate charged by commercial banks will be high.this will discourage the people from taken loan from the bank. But when the central bank reduces the bank rate, this will also make the interest rate to be low which will encourage the people to borrow from the commercial banks.

Cash Reserves : All commercial banks are expected to keep a certain percentage of their total deposit with the central bank. If the cash deposit ratio is increased the quantity of money left for commercial banks to lend out is reduced, but if the cash deposit ratio is reduced, then the quantity of money left for commercial banks to lend out is increased.

The Directives : The central bank may give central directives to commercial banks which they must follow, for example the central bank may ask the commercial banks to give credit for agricultural and industrial expansion. This will be the immediate channels to which credit may be directed.

Special Deposits : If the central bank is so pressed and decides to decrease credit facilities or the availability of loans it may ask the commercial banks to keep special deposits with it.This is done to contract credit only.when special deposit are kept with the central bank the amount of money left with the commercial banks is reduced and this reduces their ability to give loans.

8 0
3 years ago
Laterite soil not suits for agriculture because, a) High temperature and rainfall b) leached soil c) Not fertile d) all are corr
kow [346]

Answer:

Not fertile.

Explanation:

Laterite soil not suits for agriculture because it is not fertile soil than can provide essential nutrients needed by the plants. Laterite soil is acidic in nature and also has less water-retaining capacity. The soil of Laterite lacks nitrogen, potassium , urea and phosphoric acid and contains more iron, aluminum, manganese that make the soil not fit for cultivation purposes.

5 0
2 years ago
How did the ruling in Plessy v. Ferguson affect the legalities of segregation?
worty [1.4K]
<span>C is the correct answer. The case Plessy v Ferguson was about Homer Plessy, a mixed race man, who sat in a white-only railroad car. He was asked to move to the ‘colored’ car but refused and was arrested. The judge maintained that the law was right and the cars were separate but equal.</span>
8 0
2 years ago
What geographical feature aided in the development of trade in Mesoamerica
Tanzania [10]
The answer to the question is a
8 0
3 years ago
Read 2 more answers
Do you or people you know watch a lot of TV violence or play violent video games? How do you think this exposure is influencing
Ganezh [65]

Answer:

Extensive viewing of television violence by children causes greater aggressiveness. Sometimes, watching a single violent program can increase aggressiveness.

Explanation:

4 0
3 years ago
Other questions:
  • Que es el bovarismo?
    8·1 answer
  • what two impression management strategies do youdo or might you do at work? name, and apply the strategies.
    10·1 answer
  • If you lived in Iberia during in 1200 A.D., it is likely that your religious devotions would have included:
    7·1 answer
  • DO IT ALL PLEASE FOR 50 pointsplease and thank you:):)
    10·1 answer
  • Alexander is in the grocery store with his mom and he sees the candy-like cereal he saw advertised on television. He asks his mo
    14·1 answer
  • True or false - Most countries have a pure command or pure market economic system
    5·2 answers
  • Identify the concepts that you can associate with<br>culture, society, and politics.​
    13·1 answer
  • Explain what makes a liquid more or less dense?
    10·1 answer
  • Why did the U.S want to win the Space Race at all costs?
    10·1 answer
  • Are there particular services in your community that are performed by the government that you think would more effectively perfo
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!