What/How/Who?
Market economies allow companies to decide...?
What gets produced
What is Self-Control?
Due to the economy not being focused on specific areas, this is allowed to happen
What is productivity
What is income inequality
This country is what many other countries base their market economic systems on.
What is the United States (Or US)
This fluxuation of products can determine the price in a Market Economy
What is Supply and Demand?
These are everyday people with some say in the economy
What is a consumer
This allows people to create and control companies without worries of other parties
What is private ownership
This happens if there is only one company in a certain area
What is a monopoly
This is the main goal of many companies in market economies
The public can determine this outcome of products for producers
WHO it's produced for
These people decide what gets created in this economy
What is a Producer
Multiple companies in a free market leads to this
What is innovation
This is what many new companies with low funds face in this economy
What is a high risk
What is a market economy
Producers can make this decision for making products due to having a free and open market
HOW it's produced
When companies lose money, they do this:
What is a layoff?
What is Lowering Wages?
This happens due to people in companies being seperate from the government
What is economic growth
Due to open and constant production, this can happen in market economies
What is habitat destruction
This is the actual economy of the US, while still being mostly a market economy
What is a mixed economy
The government can have a say in this if a company isn't using good methods
This prevents monompolies from being made
What is government involvement
This happens due to open production from many different people
What is variety
This happens when there is little supply but large demand
What is inflation
Companies and people decide how to use this
What is money?