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Market Economy: Definition, pros, Cons, Examples
Kassius Nelson
10
English
11th Grade
03/02/2016

Additional English Flashcards

 


 

Cards

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
Definition
Term

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.
Definition
Term

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 
Definition
Term

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.
Definition
Term

Amadeo       2        Advantages

  • prices rise rise and fall as they wish.
Definition
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
Definition
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.
Definition
Term
8
Definition
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9
Definition
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10
Definition
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