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What is a free market economy driven by?
What's welfare
What is provided by the consumers in the circular flow of the free market?
labor and investment
What are the two payments in the free market circular flow model?
Resource markets and product markets are the two payments int he free market circular flow model. Both of these markets are for businesses and households.
What is the role for consumers and producers in a free market system?
A circular flow model
What is provided by producers in the circular flow of the free market system?
Individual goods
What is a free market economy driven by?
What's welfare
What results the fact that a free market is based on the free choices of consumers and producers?
The free-market system has a circular flow of influences.
How do antitrust laws effect the circular flow of the free market?
they speed up the flow of capital and wages
What is provided by the consumers in the circular flow of the free market?
labor and investment
What are the two payments in the free market circular flow model?
Resource markets and product markets are the two payments int he free market circular flow model. Both of these markets are for businesses and households.
What is the role for consumers and producers in a free market system?
A circular flow model
What does the circular flow shows?
the interactions between households and businesses in the free market
What is provided by producers in the circular flow of the free market system?
Individual goods
What results from the fact that free market system is based on the free choices of consumers and producers?
The free-market system has a circular flow of influence.
How do anti trust laws affect the circular flow of the free market system?
They speed up the flow of capital and wages
How do antitrust laws affect the circular flow of the free market?
They speed up the flow of capital and wages
Why does the free market system required government regulations?
Producers are driven by the profit motive to work against competition.
