4 years ago

In a market economy, _____ own(s) all the basic resources or factors of production.

1 answer:

6 0

In a market economy, households hold all the basic resources or factors of production. This is because, a market economy is the type of economy in which economic decisions and the prices of goods are determined by the aggregate interactions of the nation's individual citizens and businesses.

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THE PRICE OF COFFEE

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Demand has 4 determinants : Price , Other Factors [Others price (Substitutes / Complements) , Income , Taste]

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