What is one way a market economy affects the lives of private citizens?

What is one way a market economy affects the lives of private citizens?

What is one way a market economy affects the lives of private citizens? Citizens can change jobs relatively easily. The government determines economic choices and makes most decisions.

How does market economies affect a worker’s life?

Increased productivity is also associated with a market economy. In any economy, people need money to purchase goods and services. In a market economy, this need leads to increased motivation because workers want to earn more money to supply their needs and to live comfortably.

What are the pros of a mixed market economy for most citizens check all that apply?

There is a great deal of independence and personal choice. There may be less of a gap between rich and poor people. The government cannot dictate which jobs citizens hold. There may be greater opportunity to become wealthy.

In which type of market would you find it the most difficult to buy goods from another country?

Answer: The correct answer is closed economy. A closed economy is a system in which a country has no trade activities with outside economics.

Which type of market is the least likely to have an official currency?

traditional economy

What economy usually stresses the quality of all citizens?

command economy

What are cons of a mixed market economy for most citizens?

– It can be very difficult for citizens to start private businesses. – Citizens must pay for most basic necessities by themselves. – There is no guarantee of steady employment for many citizens. -Citizens may pay higher taxes than in other economic systems.

What are results of regulation in a mixed market economy?

Answer Expert Verified. The results of the government regulation in a dual economy or mixed-market economy are; compliance with laws, whuch are needed to protect the consumers and producers in the market. Also, advantages for producers and advantages for goverment are associated with the regulation.

Which explains why the government regulation is necessary in a mixed market economy?

Which explains why government regulation is necessary in a mixed-market economy? Government regulation protects property rights, safety, and profits. Government regulation protects constitutional rights, profits, and fairness.