hey man!
People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.
hope this helps! :)
It means the income is unfair, some people earn more than others and etc
Answer:
Answer Below:
Explanation:
In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. For example, in the standard text perfect competition, equilibrium occurs at the point at which quantity demanded and quantity supplied are equal.[1] Market equilibrium in this case is a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is often called the competitive price or market clearing price and will tend not to change unless demand or supply changes, and quantity is called the "competitive quantity" or market clearing quantity. But the concept of equilibrium in economics also applies to imperfectly competitive markets, where it takes the form of a Nash equilibrium.
<span>Assuming that this is referring to the same cartoon you posted before with this question, <span>the correct response would be a "carpetbagger" since it shows someone from the North coming to the South after the Civil war, mostly likely to take advantage of the crippled economy. </span></span>
Knots and designs in strings!
