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:
The United States government began constructing military basa within the state in preparation for war. Although far removed from the frontlines in Europe and the Pacific, Arizona's contribution to the Allied war effort was significant. Multiple prisoner of war camps and Japanese internment camps were established across the state, as well as several new airbases and associated sites, resulting in the birth of Arizona's aviation and manufacturing industries at the end of the Depression Era. The population of the state also experienced a major increase. Many veterans returned to Arizona after the war ended, laying the foundations for the large metropolises of Pheonix and Tucson.
Economic factors , nationalist factors
