What is an advantage of a market economic system?

Traditional methods of production are upheld.
Consumers can choose from a variety of goods.
Government planning leads to surpluses of goods.
The central planning committee assigns everyone a job.

Answers

Answer 1

Answer:

I believe it's the third one

Explanation:

Answer 2

Answer:

C

Explanation:

There are four types of economies: traditional, command, market, and mixed (a combination of a market economy and a planned economy). A market economy, also known as a free market or free enterprise, is a system in which economic decisions, such as the prices of goods and services, are determined by supply and demand. The assumption behind a market economy is that supply and demand are the best determinants for an economy's growth and health. These market forces influence what goods should be produced, how many goods should be produced, at what price the goods should be sold, Et al. The advantages of a market economy include increased efficiency, productivity, and innovation.

In a truly free market, all resources are owned by individuals, and the decisions about how to allocate such resources are made by those individuals rather than governing bodies. Because governments have some involvement, there are no recognized economies that are 100% free.

KEY TAKEAWAYS

A market economy is an economy in which supply and demand drive economic decisions, such as the production of goods and services, investments, pricing, and distribution.

A market economy promotes free competition among market participants.

Notable benefits of a market economy are increased efficiency, production, and innovation.

Business Efficiency

Unlike other types of economies, a market economy increases the efficiency of businesses. The government is limited in how it regulates transactions within a market economy. Most rules are enacted to protect consumers, the environment, market participants, and national security. Their limited role promotes increased efficiency and free and increased competition. With the existence of competition, a business tends to do whatever is necessary to lower its costs and achieve a higher number of sales to increase profits.

Increased Productivity

Increased productivity is also associated with a market economy. In any economy, people need money to purchase goods and services. In a market economy, this need leads to increased motivation because workers want to earn more money to supply their needs and to live comfortably. When people are motivated to work, there is increased productivity and output for the economy. In a command economy, where wages, levels of production, prices, and investments are set by a central authority or government, there is less worker motivation.


Related Questions

What was the purpose of the invasion of Normandy? to demoralize Japanese citizens to capture the German capital of Berlin to remove the German army from northern France to push back the Japanese army from the South Pacific

Answers

Answer:

C on edge

Explanation:

The purpose why there was invasion on Normandy was that: C: to remove the German army from northern France

Invasion of Normandy took place around 1944, this was an attack on coast of Normandy by the allied forces that combines Britain, America as well as Canada, and France.

This invasion was carried out to remove German army from northern France.

Therefore, the invasion was a victory because the mission was accomplished.

Learn more at:

https://brainly.com/question/17130189?referrer=searchResults

What were Benjamin Franklin's important contributions to America?

Answers

Answer:

hello…

Explanation:

During the American Revolution, he served in the Second Continental Congress and helped draft the Declaration of Independence in 1776. He also negotiated the 1783 Treaty of Paris that ended the Revolutionary War (1775-83)

HELP A GIRL OUT!!!
The Chinese were the first to achieve the art of _____.
A. Carvings of gods and animals
B. Shop building
C. Silk making
D. Pottery making

Answers

Answer:

I'm pretty sure that it is silk making.

Explanation:

China is known for their beautiful silks. But I might be wrong✌

WILL MARK BRAINLIEST FOR FIRST CORRECT ANSWER
in law 23, if the robber is not caught, who reimburses the victim for his or her loss?

Answers

Answer: The Mayor of the territory

"Law 23: if the robber is not caught, the man who has been robed shall formally declare whatever he has lost before a god, and the city and the mayor in whose territory or district the robbery has been committed shall replace for him whatever he has lost"

Answer:

Actually its not the Mayor...If the robber is not caught, the community has to pay for the goods that were stolen. The communities taxes are used to pay for the stolen goods.

Explanation:

1. Put these events in the order they happened (chronological order)
_____ John signs the Magna Carta
_____ Charles I signs the Petition of Right
_____ Edward I calls the Model Parliament
_____ Henry II develops the jury trial and common law
_____ William and Mary accept the English Bill of Rights
_____ William the Conqueror takes over England
please ill give you 100 points please need help and now.

Answers

Answer:

3. king John signs the Magna Carta  1215

5. Charles I signs the Petition of Right  1628

4. Edward I calls the Model Parliament  1295

2. Henry II develops the jury trial and common law  1166

6. William and Mary accept the English Bill of Rights  1689

1. William the Conqueror takes over England  1066

that's your answer!

What word means creek in Choctaw language?

Answers

Answer:

achoffa.

Explanation:

hope its right! sorry if its not

:(

:)

pls help!b

Political Perception and Media - What's the best way to navigate all of the confusion and get the right information? How do we develop informed opinions?​

Answers

Answer:

The best way to navigate the confusion is by going straight to the source and gathering your information from there. As for informed opinions, we obtain those by gathering information and then forming a coherent opinion off of it.

Which parts of the speech does the audience respond to most enthusiastically?

Answers

Answer:

I think the part of the speech that the audience responds to most enthusiastically is adjectives because It just I guess you could say adds more color and stuff like that.

Explanation:

I hope this helps! ;))

Which statement does NOT describe a method kings and queens of northern Europe used to gain power?

Choose all answers that are correct.


They bribed their rivals with land.


They married royalty from other powerful lands.


They executed their rivals by cutting off their heads.


They challenged their rivals in Olympic competitions.


They threatened their rivals with war.

Answers

The answer fam is........ "They bribed their rivals with land." "They married royalty from other powerful lands." And "They challenged their rivals in Olympic competitions." The other options are tactics they did use.

Answer:

A-They bribed their rivals with the land.

B-They married royalty from other powerful lands.

C-They executed their rivals by cutting off their heads.

E-They threatened their rivals with war.

Explanation:

I took the test and got 100% :)

what is the role of each branch of the federal government and explain how the three branches work as a check on each other.

Answers

Answer:

The colonists's five main complaints were about the following: taxes, British troops, tea, the Intolerable Acts, and King George. The most important reason why the relationship soured was the introduction of numerous taxes by the British. These taxes were levied by the Sugar Act, the Stamp Act, and the Townshend Acts.   <3  happy to help

Explanation:

In which regions of the United states would a drilling company most likely
Find oil?

Answers

Answer:

Texas and Alaska

Answer:

Alaska and the south.

Explanation:

That is what i think.

ANSWER ASAP!
Read the passage below and answer the question that follows.
Imagine that you are a homesteader looking to settle in the Oklahoma Territory. You have missed many opportunities to
settle in the territory, but now you are determined. In 1901, you finally decide to take a chance. You go to the Land Office
and sign up to homestead.
Based on the scenario above, what type of land allotment will you participate in?
A. a land run
B. a land lottery
C. a land auction
D. a land sale

Answers

Answer: The Answer Is "C" Cause I Took The Test Already

Answer:

The answer is B i took the test and i put c as the answer and i got it wrong

Explanation:

2. Which of the following is true about the Native American Graves Protection and Repatriation (2 points)
Act? Select all that apply.

Archaeologists are not permitted to study any Native American artifacts.

Only Native Americans can conduct archaeological digs on historically tribal lands.

Congress passed this law in an effort to right the wrongs done to Native American culture.

Native American cultural items must be returned to their tribe of origin.

Native Americans must give up all rights to any cultural items found off of reservations.

Answers

Answer:

A C and D I think. The act was set in place to protect Native American graves and for other purposes

Answer:

1. why did native American tribes want to bury Kennewick man

A

2. Which of the following is true about the Native American graves protection and repatriation act

C and D

3. In what ways is the discovery of Kennewick man important?

A and E.

Explanation:

This correct answers for my test. I also paraphrased the questions to save time.

Course Grade: 43.64% is that a good or bad grade

Answers

that is bad, that is failing... hope you can get your grade up soon!

What events marked the beginning of the French Revolution?

Answers

Answer:

July 14, 1789 Storming of the Bastille

the english bill of rights influenced the us bill of rights name a right that is protected in the us version that is not protected that is not protected in the english one

Answers

Explanation:

jk with all ak ak kalk akali at last ko at last ko at last ko wkwkwkwk

which chapter is it????????

which two issues were Italian Renaissance Architects solve by returning to classic architecture

Answers

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The two issues that Italian Renaissance Architects solved by returning to classic architecture were the symmetry of the constructions and the proportion, returning to the classical style of the Roman Empire. Gothic structures were obscure and irregular, so the Italian Renaissance architects decided to renovate the construction style by returning to classical Roman styles, working with better symmetry and proportions that created more artistic geometric forms with an aesthetic touch.

The results of this new improved style by Renaissance artists and architects can be found in the streets of Florence, Italy, the place where the Renaissance born.

Please help image included

Answers

Hey, The answer for this question is D. Hope this helps you

Free BrainLiest and the points if you can answer this question........

It can't be seen, can't be felt, can't be heard, and can't be smelt. It lies behind stars and under hills, And empty holes it fills. It comes first and follows after, Ends life, and kills laughter. What is it? I will Tell u if u got it correct.....

Answers

Answer:

Dark

Explanation:

1. What country do you feel is the United States most important ally? Why?

Answers

Answer:

Canada

Explanation:

Canada is the United States closet ally based off locations and relationships. It makes it the easiest ally to receive resources from.

How did the arrival of Europeans in the New World impact Native Americans?

Answers

Answer:As the English, French, and Spanish explorers came to North America, they brought tremendous changes to American Indian tribes. ... Diseases such as smallpox, influenza, measles, and even chicken pox proved deadly to American Indians. Europeans were used to these diseases, but Indian people had no resistance to them.

Explanation:

Welcome

Many native Americans got diseases from the settlers

How did the feudal system emerge in Europe?

Answers

The feudal system emerged in europe because of the lack of power/protection in the authority for the people. So the local lords/nobles were the ones to help/protect the low class but the low class would have to play either by working for the nobles or being a knight.(main idea: lords/nobles were the ones to protect the low class)
Hopefully i could help!!

What impact did Fascist politics have on World War II?

Answers

A lot. It led right to it. And at the time, people were convinced (with some good reasons) to believe that communist were the main threat to Europe.

Fascism was seen as a necessary evil. But evil remains evil. It was in fact the most aggressive of the two.

So fascism seeded the war, prepared the related people to support the war, and then dictated the conduct of the war by the Nazi Germans and Mussolini’s Italia in Europe. Japan has somehow its own variant with its cultural specificities, the Statism / Showa nationalism, which led to the same kind of atrocities that were then perpetuated in Europe.
2.8K viewsView 8 Upvoters
Related Questions (More Answers Below)


The “Pueblo Pope” led the Pueblo
people against the Spanish in what is today

Answers

Answer:

Flordia                              

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Which ideas were generally associated with each group? Drag each idea to the correct category.
Slavery should be
allowed in Kansas.
All states should
follow federal laws.
States can refuse
to follow federal
laws.
Slavery should not
be expanded into
western states.
northerners
southerners

Answers

Northerners:
-Slavery should not be expanded into western states
-All states should follow federal laws

Southerners:
-Slavery should be allowed in Kansas.
-States can refuse to follow federal laws.

I really just don’t understand this!!!!

Using evidence from the readings, compare and contrast the arguments made by the two historians, and evalunto the appropriateness of
the Renaissance as the beginning of a new era in human history--especially in women's history

Answers

Answer:

Margret L. King's article made arguments about how the men during the Renaissance thought women should not rule and many women did not rule with complete power. Men during the Renaissance spoke of how terrible a female ruler would be and how it was an act against nature. Few women did rule though and guided reform like Isabella daughter of Catherine of Aragon. Women began to try to make a change and bring women more power. Many women in power dismissed the idea of sexes and did not let their gender hold them back from power.

Joan Kelly-Godal's article describes the lady of the court as demure and almost as an object for the courtier. The woman is described mostly as being used for the mans image and his needs. She was only there for him and did not mean much and did not have power to anything. Her job was to charm and stay pretty for her husband.

These articles differ very much. The first article describes women as trying to gain power and trying to change rules and people's views. The second article is describing the lady of the court as demure and merely there for the mans sake. Both articles point out men's constraints on women during the Renaissance and how not everyone agreed with women gaining more power.

Explanation:

What main point about wealth and responsibility
does Carnegie make in this passage?
Nature's laws have caused society's most fit
members to build great wealth.
O Wealthy people should live modestly and
purchase only what they need.
Rich people should use their wealth to benefit
society.
DONE

Answers

Answer:

the first one is d

Explanation:

I was a publisher whose abolitionist views were radical even in the North. I
believed in civil disobedience and many abolitionists disagreed with my views
about equality for women. Who am I?
A. William Lloyd Garrison
B. Frederick Douglass
O c. Harriet Beecher Stowe
O D. David Walker

Answers

Answer:William Lloyd garrison

Explanation:

Answer:

The answer you are looking for is A. William Lloyd Garrison

Explanation:

apex

soldiers froze here because of the harsh winter

A. rio grande valley

B. yorktown

C. paris

D. valley forge

Answers

Answer:

B.

Explanation:

Yorktown was one of the many places that the rebellion fought and stayed in during the winter of the revolution.

Valley Forge, Pennsylvania

What was the outcome of the Battle of Hastings?
O Harold's Norman-French army defeated William's English army.
William's English army defeated Harold's Norman-French army.
Harold's English army defeated William's Norman-French army.
William's Norman-French army defeated Harold's English army.

Answers

Answer:

William’s Norman-French army defeated Harold’s English army.

Explanation:

Your Welcome;)Happy to help:)

Answer:

d

Explanation: got it right on edge 21

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