Term
Amadeo 1 Where it is from
- Market economy comes from Capitalism
- Priviate property
- Mostly everything is Privately owned
- contracts to sell buy lease and rent their own properties
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Amadeo 1 Private Property
- Goods and services are privately owned.
- Their property gives them the right to profit from ownership.
- Owners,businesses consumers and workers are free to produce sell and putchase goods and services in a free market.
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Amadeo 2 Competition
- The forces of competitive pressure keeps prices moderate, and ensure that goods and services are provided most efficiently.
- As competitors see there is additional profit to be made, they start production, adding to supply
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Amadeo 2 Advantages
- Since a market economy allows the free interplay of supply and demand it also ensure the most desired goods and services are produced.
- Good and services are produced in the most efficient way possible.
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Amadeo 2 Advantages
- prices rise rise and fall as they wish.
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Term
Amadeo 2 Where it is from
- Market economy comes from Capitalism
- Priviate property
- Mostly everything is Privately owned
- contracts to sell buy lease and rent their own properties
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Definition
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Term
Amadeo 3 Conclusive
- Goods and services are privately owned.
- Their property gives them the right to profit from ownership.
- Owners,businesses consumers and workers are free to produce sell and putchase goods and services in a free market.
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