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How does supply and demand work?
laissez faire.
supply and demand.
let the people decide
resources needed to make goods and services
doesn't make any of the decisions.
democracy
Who will make the goods?
producers will supply what consumers demand
In a pure laissez faire (market) economy the government
laissez faire.
supply and demand.
let the people decide
resources needed to make goods and services
doesn't make any of the decisions.
democracy
Who will make the goods?
producers will supply what consumers demand
Which is not one of the economic questions?
laissez faire.
supply and demand.
let the people decide
resources needed to make goods and services
doesn't make any of the decisions.
democracy
Who will make the goods?
producers will supply what consumers demand
Which type of government goes well with a market economy?
laissez faire.
supply and demand.
let the people decide
resources needed to make goods and services
doesn't make any of the decisions.
democracy
Who will make the goods?
producers will supply what consumers demand
What are the factors of production
laissez faire.
supply and demand.
let the people decide
resources needed to make goods and services
doesn't make any of the decisions.
democracy
Who will make the goods?
producers will supply what consumers demand
What does laissez faire mean?
laissez faire.
supply and demand.
let the people decide
resources needed to make goods and services
doesn't make any of the decisions.
democracy
Who will make the goods?
producers will supply what consumers demand
Market economies are
laissez faire.
supply and demand.
let the people decide
resources needed to make goods and services
doesn't make any of the decisions.
democracy
Who will make the goods?
producers will supply what consumers demand
Market economies are driven by
laissez faire.
supply and demand.
let the people decide
resources needed to make goods and services
doesn't make any of the decisions.
democracy
Who will make the goods?
producers will supply what consumers demand
Check it!