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What is an advantage of the market portion of the United States economic system?
State-of-the-art technology is not used.
Tradition dictates how decisions are made in an Amish community.
Businesses determine what to produce based on demand.
In a market economy, innovation and competition in the marketplace are encouraged.
competition
government provided services
Consumers will spend less money and save more.
Supply and demand drive economic decisions in a free enterprise system.
How does a bear market impact the U.S. economy?
State-of-the-art technology is not used.
Tradition dictates how decisions are made in an Amish community.
Businesses determine what to produce based on demand.
In a market economy, innovation and competition in the marketplace are encouraged.
competition
government provided services
Consumers will spend less money and save more.
Supply and demand drive economic decisions in a free enterprise system.
What is a DISADVANTAGE of a traditional economy compared to the other types of economic systems?
State-of-the-art technology is not used.
Tradition dictates how decisions are made in an Amish community.
Businesses determine what to produce based on demand.
In a market economy, innovation and competition in the marketplace are encouraged.
competition
government provided services
Consumers will spend less money and save more.
Supply and demand drive economic decisions in a free enterprise system.
What is a difference between a traditional economy and a free enterprise system?
State-of-the-art technology is not used.
Tradition dictates how decisions are made in an Amish community.
Businesses determine what to produce based on demand.
In a market economy, innovation and competition in the marketplace are encouraged.
competition
government provided services
Consumers will spend less money and save more.
Supply and demand drive economic decisions in a free enterprise system.
What is an ADVANTAGE of a market economy compared with a traditional economy?
State-of-the-art technology is not used.
Tradition dictates how decisions are made in an Amish community.
Businesses determine what to produce based on demand.
In a market economy, innovation and competition in the marketplace are encouraged.
competition
government provided services
Consumers will spend less money and save more.
Supply and demand drive economic decisions in a free enterprise system.
In the United States economy, interstate highways, public water systems, and Medicare are all classified as:
State-of-the-art technology is not used.
Tradition dictates how decisions are made in an Amish community.
Businesses determine what to produce based on demand.
In a market economy, innovation and competition in the marketplace are encouraged.
competition
government provided services
Consumers will spend less money and save more.
Supply and demand drive economic decisions in a free enterprise system.
When Wendy's was successful at selling salads in its restaurants, McDonald's started to sell salads, too. This is an example of:
State-of-the-art technology is not used.
Tradition dictates how decisions are made in an Amish community.
Businesses determine what to produce based on demand.
In a market economy, innovation and competition in the marketplace are encouraged.
competition
government provided services
Consumers will spend less money and save more.
Supply and demand drive economic decisions in a free enterprise system.
Compare the way economic decisions are made in an Amish community with the way they are made in Cuba.
State-of-the-art technology is not used.
Tradition dictates how decisions are made in an Amish community.
Businesses determine what to produce based on demand.
In a market economy, innovation and competition in the marketplace are encouraged.
competition
government provided services
Consumers will spend less money and save more.
Supply and demand drive economic decisions in a free enterprise system.
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