Advantages of free market economy
Give the best advantages of free market economy?
Expert
There are many advantages to a free market economy . These are the perfect choice from the moral issues to the practical issues. We only deal mainly in practical ones.
Unprecedented innovation - Free markets are wrought with inventions and the capital to research them. Countries ordered as having a free market have been responsible for the vast majority of inventions since the 19th century.
Very high-income mobility - This means that under a free market system it is easier to move around income brackets. It is very easy to become rich or poor when you are left to your own devices as opposed to a controlled economy where resources are allocated by the government.
After the change within the demand curve for housing as: (1) a temporary housing shortage may exist at R0. (2) landlords will have more complexity repaying their mortgages. (3) rental rates will fall below interest payments. (4) equilibrium
A competitive firm shuts down within the short run when: (w) this suffers a loss. (x) normal profit = 0. (y) ATC > P. (z) the minimum AVC > P. Hello guys I want your advice. Please recommend some views for above Econo
The labor demand will shift due to the modifications in all of the given except: (1) Prices of other resources. (2) Prices of the output. (3) MPP (4) Salaries. Can someone please help me in finding out the accurate answer from the
Increases in market interest rates are probably to be related with: (w) people’s increasing willingness to save. (x) bursting a speculative bubble into prices for hi-tech stocks. (y) increased pessimism regarding the profitability of economic in
I have a problem in economics on Effect of change in market price. Please help me in the following question. The change in quantity demanded is: (1) Non-quantitative in nature. (2) Caused by the change in market price. (3) Shown by the shift of demand curve. (4) Irrel
A perfectly competitive market contain 60 firms, each along with a total cost function of TC = 10y2 + 80 and a marginal cost function of MC = 20y. The market demand function is ymd = 600 - 7py. a. If the market price is $80.00, how much wi
HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. It maximizes profit at: (i) output q1. (ii) output q2. (iii) output q3. (iv) output q4. (v) output q5.
What is the formula for primary deficit? Answer: Primary deficit = fiscal deficit – interest payment.
Robomatic Corporation would exactly break-even upon its RoboMaids when, instead of exactly identifying its profit-maximizing strategy, this: (i) operated at point i, charging only $10,000 per unit and producing 16,000 robots. (ii) pri
The supply of textile employees in China is possibly most like the perfectly price elastic supply curve within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Discover Q & A Leading Solution Library Avail More Than 1431146 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1946038 Asked 3,689 Active Tutors 1431146 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1946038 Asked
3,689
Active Tutors
1431146
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!