KiwiJelly6506 KiwiJelly6506
  • 04-09-2019
  • Social Studies
contestada

When voluntary exchanges in the markets determine decisions on production and consumption, the society's economic system is a:

Respuesta :

Nyctalus
Nyctalus Nyctalus
  • 10-09-2019

Answer: capital in nature.

Explanation: In a capital market structure, the price of goods and services produced are determined by the market forces of demand and supply. In these economies private owners willingly makes exchanges to maximize their profits.

The production and consumption under such economies are purely determined by the market forces, as the intervention from Govt. is minimal.

Answer Link

Otras preguntas

Colin uses his phone for everything, so he likes to keep it with him at all times. Lately, though, he's found it difficult to concentrate when he's studying bec
draw to show how you can use models to compare 345 and 391
How did feudalism help Germany?
5(3x + 5) ( Please Help )
What 240 percent of 600
An object is traveling at a constant velocity of 15 m/s when it experiences a constant acceleration of 3.5 m/s2 for a time of 11s. What will its velocity be aft
Write 4/5, 1/5, and 3/8 as decimals. Round them to the thousandths place.
What was the significance of the Code of Hammurabi? The laws were developed from an ancient Sumerian code of laws. The laws were displayed throughout the empire
Which is Sam Adams known for? A. leading troops at Bunker Hill B. writing pamphlets about independence C. working to make peace with Britain D. founding th
Could a mixture be made up of only elements ?