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Nat2105 [25]
3 years ago
15

Characteristics of a free market economy

Social Studies
1 answer:
dolphi86 [110]3 years ago
4 0

Answer:

हिंदी में खोजें

एक मुक्त बाजार अर्थव्यवस्था की विशेषताओं

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A free market economy is characterized by the following:

Private ownership of resources. ...

Thriving financial markets. ...

Freedom to participate. ...

Freedom to innovate. ...

Customers drive choices. ...

Dangers of profit motives. ...

Market failures.

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In the case whereby Alanna was annoyed because several guests at her dinner party showed up without letting her know they would be attending, and she had to adjust her plans. these guests violated a folkway.

<h3>What is  folkway?</h3>

Folkways can be explained as the  customary ways which is been utilized by the people in doing their  things in this case they do  ensure smooth as well as the  orderly social interactions.

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