Answer:
Entrepreneurs independently choose the field of activity, suppliers, contractors, markets. They have the right to engage in pricing, implement their long-term plans, as well as freely dispose of their property and income. The consumer in such a system is also independent. He is guided only by his needs and understanding of the marginal utility of the good. A market economy tends to self-regulate through a market mechanism. The gradual establishment of a balance of supply and demand contributes to the formation of equilibrium prices within which industries operate.
The internal rivalry of companies has a positive impact on the economic system of the country as a whole. Competition contributes to the expansion of production, its automation, optimization, implementation of innovative technologies and approaches to creating economic benefits. It encourages manufacturers to create exactly those goods and services that consumers need. Market self-regulation takes place through competition. The gradual establishment of the equilibrium of the system leads to a natural reduction in the cost of production, which in turn increases the wealth of the population and its degree of satisfaction with respect to the goods offered by the market.
Explanation:
Importance of Water Conservation. Fresh, clean water is a limited resource. While most of the planet is covered in water, it is salt water that can only be consumed by humans and other species after undergoing desalination, which is an expensive process. ...
The west africans
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Answer:
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The correct answer here is C.
The Cold War was waged on many fronts. They may not have been literal fronts in classic sense but fronts nonetheless. There were proxy wars but also cultural and economic wars as well. The reduction of oil prices by Saudi Arabia were significant because they hurt the struggling economy of the Soviet Union.
