This Economic System is known as Free market Economy.
Some economies are heavily regulated by governments. The government controls all means of production and wealth distribution in the most rigidly planned, or command economies, setting prices for goods and services as well as worker pay. On the other hand, in a totally free market economy, production and labor are governed by the law of supply and demand rather by a useful planner. Companies offer goods and services at the best cost that customers are willing to pay, and workers are paid the greatest earnings that businesses are prepared to pay for their labor.
• Most economies have features of both free market and command economies.
• In a free market economy, supply and demand, rather than government interference, regulate production and labor.
According to the Heritage Foundation's 2022 Index of Economic Freedom, the most free economy is that of Singapore, which is followed by Switzerland and Ireland. The United States comes in at number 25, while Venezuela and North Korea came in last.
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Answer:
yes.
Explanation:
because they will check how many times you gotmo a tickets you eill get a charge
Pizza and sub sandwiches are substitutes. if the price of pizza decreases, this will cause: an increase in the quantity demanded and no change to the quantity supplied
What are substitutes?
Substitutes are goods that are used as alternatives, which means that the fact the decrease in price of pizza means that the quantity demanded would rise as more are demanded as the price reduces and vice versa.
There would be no change in quantity supplied because price decrease is not favorable for the suppliers of pizzas, since they would want to supply more at a higher price instead of supplying more at a lower price
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Answer:
$400 every 6 months.
Explanation:
Step wise solution is given.
Answer:
The correct option here is A) .
Explanation:
Fiscal policy is a tool which is used by a government to influence the economy , through the changes in spending and taxation ( of governments ). This policy affects the economy in both short run and long run. Fiscal policy has its effect on aggregate demand for goods and services and is very much capable of influencing savings, investment and growth in the economy through its contractionary and expansionary fiscal policies. So thus from the above information it can be said that the option A is correct.
