market system
2006-11-23 03:04:21 · 3 answers · asked by Iran E 1 in Business & Finance ➔ Investing
What is your question? Governments can mostly insure a free market by preventing fraud, but not by protecting people from their own stupidity. People can only learn from mistakes. Fraud is a misrepresentation of the truth.
2006-11-23 03:07:28 · answer #1 · answered by OPM 7 · 0⤊ 0⤋
free market economy system? u r asking?
u can also call it CAPITALIST ECONOMY. coz all the resources r owned and PRIVATELY. prices here depends on the demand and supply position. prices rise if consumers buys more of a particular product.....etc and etc.
for describing the features of market eco u can say
-provides certain essential product or servies e.g DEFENCE..
- pass laws which protect the rights of the business and consumers and punish the offenders
-issue money to make sure tht the monetary system operates effectively
- protect firms from dominating the market and restrict the power of the trade union....
the Gov; plays a limited role in this type of eco.
2006-11-23 11:17:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The Free Market and governmet do not mix.
2006-11-24 15:47:07 · answer #3 · answered by J 3 · 0⤊ 0⤋