This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What sets prices in a market economy? What will be an ideal ... (Read 128 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jul 10, 2018
What sets prices in a market economy?
 
  What will be an ideal response?

Question 2

How do most adults make their living in a market economy?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jul 10, 2018
Answer to Question 1

The impersonal forces of supply and demand set prices and therefore regulate the kinds of economic activity that occur.

Answer to Question 2

Most adults make their living by selling something on the market.


P68T

  • Member
  • Posts: 509
Reply 2 on: Jul 10, 2018
Excellent

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
North America and the Global Economy North America and the Global Economy
The Importance in the World Fossil Fuel Economy The Importance in the World Fossil Fuel Economy
Japan’s Economy and Society Japan’s Economy and Society
A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ... A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ...
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library