Illustrate the characteristics of the Market System
Illustrate the characteristics of the Market System?
Expert
Most of the private property Private individuals and firms own (land and capital):-
1. Private property, coupled with the freedom enables individuals, to discuss binding, legal contracts and businesses to acquire exploit, control and organize of this property.
2. Private property rights encourage innovation, venture, maintenance of property, exchange of assets as well as economic growth.
3. Property rights extend to intellectual property through copyrights, patents as well as trademarks.
What are the main sources of growth?
Elucidate redistribution of income?
ECONOMICS Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the ex
For rapid growth of world trade what are the factors of account since the Second World War?
Who owns the factors of production and the method used to coordinate economic activity?
Illustrate the term Positive and Normative Economics?
XY School District has a large number of students in need of remedial instruction. The superintendent of XY School System can allocated her budget between purchasing X units of remedial instruction at a price of $2,000/unit and spending an amount ($Y) on all other sch
Explain the volume and pattern of U.S. and World Trade?
Drinking at a public water fountain is: (w) a public good because anyone may drink from it. (x) results in a negative externality because others can’t drink from this at similar time. (y) a positive externality because you are benefiting by other’s provisi
Describe Quasi-public goods?
18,76,764
1926578 Asked
3,689
Active Tutors
1419452
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!