Market Economy

Lisää tämän kaltaisia

2013 Sociology

luonut Michael Pettibone

Environmental Justice

luonut ISABELLA BARTOK

Prejudice and Intergroup Relations

luonut Nicole Lobmaster

Cleopatra

luonut Sami Syed

Market Economy

perfectcompetition

the price of goods on the market is the same

monopoly

impact on market value

competition

provider

product product

services

product

agent

partner

representative

middleman

acting force

supplier

monopsony

only one buyer

allows the buyer to influence the price

availability of goods on the market

market structure

Free market

price

profits

essential characteristic of capitalism

The notion of a "free market" where all economic decisions regarding transfers of money, goods, and services take place on a voluntary basis, free of coercive influence

The ideal free market system does not require coercion