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Entries for the ‘Economics’ Category

Which of the following is a distinguishing feature of a market system?

*~Jessica~* asked: a. central planning
b. a circular flow of goods, resources, and money
c. public ownership of all capital
d. wide-spread private ownership of capital
This is not homework! This question is off of a test that I had and the teacher gave us the answer but it doesn’t make sense. I just want to see what other [...]

What is the response to the rise of the Self Regulated market system?

LSU Tigers asked: The rise of the self regulated market took place in England during the Industrial Revolution. The self regulated market was created as circumstance. The advent of the machine and other factors in England spurned the Industrial Revolution.
My question is “What is the main establishments response to the self regulated market?”
At [...]

Why does the American mixed market system achieve economic success at the expense of social and moral decline?

ricodiva asked: (When I say social decline, I am refering to the lack of available social system resources) Furthermore, why does the UK’s free market system achieve economic success as well as maintain high standards of social services available to EVERYONE!? Should America progress towards a total free market system or is America’s social service [...]

Does the free-market system bring efficiency as well as freedom?

Drew asked: Does the free-market system bring efficiency as well as freedom? Give one reason that makes a pointWealth Building

What form of market system does the iron ore industry fall under?

Michael C asked: im doing an assignment for economics.
we are to asses the market for a particular industry (iron ore) and do a report analysing strategies for a business entering that market.Home Based Business

is there a better alternative to a market system?

Brett D asked: what are the advantages/disadvantages of a market system, is there a better alternative?Best Network Marketing

Is business and the free market system sustainable?

winback asked: I am not a communist- I am pretty much pro free market capitalism (but not unrestrained capitalism).
But I do wonder- the world’s resources are finite (limited) and the world’s population is constantly growing. It seems inevitable that the world will reach a population where resources become quite limited relative to the population.
Currently, [...]

Help with evaluating this statement concerning market system and the Soviet Union?

Missy asked: There’s a quote in my economics book that I’d like to better understand in depth. The quote is:
“A major reason the economy of the former Soviet Union collapsed was due to the lack of incentives that are provided by the market system.”High Payout Business

Does a free market system mean a faux reality system?

sassychickensuckerboy asked: Is all of this fake money what caused the last great depression? Since the stock market is a gambling institution, does that mean it should be based on subjective fantasies of what money is worth? While deficits mount, how can we hope to give instrinsic meaning to money that isn’t there? Verily, exploitation [...]

What does the government do to protect competition in a free-market system?

Dina asked: What does the government do to protect competition in a free-market system, why does the government need to take these actions.?Building Wealth