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Earn +20 ptsQ: What are the three main features of a market economy?
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What are three main economic systems?
market economy planed economy mixed economy
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
What are the 4 main types of economic systems?
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
How are decisions made in a market economy?
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
It is a system whereby goods are produced and exchanged?
An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed.
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