In 2-3 sentences, describe three aspects of a free market economy.

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Q: In 2-3 sentences, describe three aspects of a free market economy.

A: A free market is a market where prices are determined by supply and demand, with little or no government control.[1] Free markets contrast with controlled markets in which prices, supply or demand is directly controlled. [ Various economic theories require specific properties of free markets, for example, a perfect market with perfect information and perfect competition. ]

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User: describe three aspects of a free market economy.

User: In 2-3 sentences, describe three aspects of a free market economy.

Weegy: A free market is a market where prices are determined by supply and demand, with little or no government control.[1] Free markets contrast with controlled markets in which prices, supply or demand is directly controlled. [ Various economic theories require specific properties of free markets, for example, a perfect market with perfect information and perfect competition. ]
vcj2028|Points 371|

User: Select all the items that describe command economies.

User: Externalities are always negative intended spillover effects.

User: Externalities are always ____ effects.

Weegy: In economics, an externality, or transaction spillover, [ is a cost or benefit that is not transmitted through prices[1] and is incurred by a party who did not agree to the action causing the cost or benefit.[dubious ? discuss] The cost of an externality is a negative externality, or external cost, while the benefit of an externality is a positive externality, or external benefit. ]
scijoe21|Points 2275|

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Asked 9/19/2013 7:19:07 PM

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