A product’s value depends both on its utility and its scarcity.



True or false

Answers

Answer 1

Answer:

true

Explanation:


Related Questions

An extreme, life-threatening, systemic reaction that may include shock and respiratory failure is known as what?

Answers

Anaphylaxis is a severe, sometimes fatal, systemic reaction that can cause shock and respiratory failure.

Anaphylaxis

Anaphylaxis is a potentially lethal condition that receives insufficient attention and care. The failure to recognize that anaphylaxis is a much more extensive syndrome than "anaphylactic shock" and that the goal of therapy should be early recognition and treatment with epinephrine to prevent progression to life-threatening respiratory and/or cardiovascular symptoms and signs, including shock, may be partially to blame.

Your immune system overreacts to an allergen when you have an allergy, releasing substances that lead to allergy symptoms. These unwelcome symptoms typically affect just one part of the body. However, some people can experience an anaphylactic reaction, which is far more serious.

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Why is the ability to maintain attention especially important in middle childhood? because ____.

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The ability to maintain attention especially important in middle childhood because that is when children enter school

Reason :

Parents expect their children to be able to acknowledge and achieve simple directions and tasks. That is when children enter school.

What two advances occur during middle childhood?

During middle and late childhood children make strides in various fields of cognitive function like the ability of working memory, their ability to  concentration , and their use of memory remembrance . Both changes in the brain and experience foster these abilities.

Cognitive strategies are sets of mental processes that are consciously implemented to monitor thought processes and content in order to achieve goals or resolve problems. Self-regulation theories of behavior regulate on cognitive strategies as playing a crucial role in guiding goal-directed behavior.

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The seller conveyed a quitclaim deed to the buyer. upon receipt of the deed, the buyer may be certain that?

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The buyer can feel assured that they own all of the seller's interests in the property.

A Quitclaim Deed: What Is It?

Deeds can take on a variety of complex and sophisticated forms, each with its own ramifications and ideal applications.

Quickly transferring property to a buyer is possible with a quitclaim document. But you should be aware that the quitclaim does not offer any buyer rights, unlike general or special warranty deeds. A quit claim deed is devoid of any ownership guarantees or encumbrances. Only when the seller has certain rights or interests in the property do they expire as a result of a quit claim deed.

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Income that is available for spending and saving after an individual has purchased the basic necessities of food, clothing, and shelter is known as:__________

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The correct answer is discretionary income.

Discretionary income, in its most basic definition, is the money left over after covering essential expenses including taxes, daily living costs, and household bills.

What distinguishes disposable income from discretionary income?

After all federal, state, and local taxes have been paid, your remaining funds are known as disposable income. Contrarily, discretionary income is the money you still have after paying all of your basic living expenses and taxes.

What is covered by discretionary income?

The money you have left over from your post-tax salary after paying for necessities like rent, utilities, and food is known as discretionary income. It is what you use to make non-essential purchases during the month (often referred to as discretionary expenses).

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Distribution, price, promotion, and product are all elements of:____.
a. marketing strategy
b. the marketing mix
c. a target market
d. a business strategy

Answers

Distribution, price, promotion, and product are all elements of the marketing mix

What exists in a marketing mix?

The marketing mix consists of the four key components of a transaction strategy: product, price, place and promotion.

What is the transaction mix simple definition?

A marketing mix contains multiple areas of focus as part of a complete marketing plan. The term often refers to a common classification that started as the four Ps: product, price, placement, and advertising. Effective transaction connects on a broad range of areas as fought to fixating on one message.

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Consumers are said to be least responsive to price changes when the demand curve is:_________

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Consumers are said to be least responsive to price changes when the demand curve is vertical.

The demand curve represents the level of demand for a product or service in relation to its price. For normal goods, the demand is curved and connects the vertical axis (representing price) and the horizontal axis (representing demand), showing that price and demand are inversely proportional to one another, such that if price rises, demand falls, and vice versa.

If the demand curve happens to be vertical also, it represents a situation of perfectly inelastic demand. This means that changes in price have no effect on the level of demand.

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Hiring workers, dealing with suppliers and serving customers are all part of ______.

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The answer is:- implementation.

Hiring workers, dealing with suppliers and serving customers are all part of implementation.

What exactly is an implementation plan, and why is it crucial?

The stages to achieving a goal or aim are outlined in an implementation plan, a project management tool. The plan determines how a project will be carried out, turning an idea into goals that may be attained. It is a type of paperwork that might be included in a service-level agreement (SLA). An SLA outlines the services and delivery conditions a vendor will offer to a customer.

Depending on the product, implementation strategies may vary, however the following components are typically included:

Goal. This is what a project's goal is at the end.

Objectives. To reach the objective, certain tasks, milestones, and activities must be completed.

criteria for success. Stakeholders, project managers, and policymakers use this standard to decide whether a project is finished and meets their expectations.

Defining the scope. The project scope describes the project's parameters and details what the team will and won't do. The project scope is frequently specified in a statement of work document.

a plan for the use of resources. This lists the materials that the implementation team will require.

risk evaluation. Teams working on implementation employ risk analysis to find potential issues.

Timeline. A timetable outlines the deadlines and anticipated completion dates for each milestone. Gantt charts and other project management tools can aid in rendering this.

roles and obligations. a breakdown of the tasks and duties of each team member and stakeholder.

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Distinguish between perfect and imperfect market. explain why the existence of imperfect markets create a need for financial intermediareies?

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In financial matters, explicitly broad harmony hypothesis, a perfect market, otherwise called an atomistic market and An imperfect market alludes to any financial market that doesn't satisfy the thorough guidelines of the speculative perfectly or absolutely cutthroat market.

What is the difference between perfect and imperfect market?

A Perfect market is described by perfect contest, market harmony, and a limitless number of purchasers and dealers.

In an imperfect market, individual purchasers and venders can impact costs and creation, there is no complete story of data about items and costs, and there are high hindrances to passage or exit in the market.

Imperfect markets don't fulfill the thorough guidelines of a speculative perfectly or simply cutthroat market. Imperfect markets are portrayed by having rivalry for market share, high boundaries to section and exit, various items and administrations, and few purchasers and merchants.

Therefore Perfect markets are hypothetical and can't exist in reality; all genuine markets are imperfect markets.

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Returns on exchange traded funds may come from:___.
i. capital gains.
ii. dividends.
iii. increases in the fund's premium.
iv. decreases in the fund's discount.

Answers

Option (i) capital gains and option (ii) dividends are the correct answer.

Returns on Exchange Traded Funds (ETFs) may come from capital gains and dividends.

What are Exchange Traded Funds (ETF)?

A mutual fund's operation is quite similar to that of an Exchange Traded Funds (ETFs), a type of pooled investment security. ETFs frequently track a specific industry, index, commodity, or other asset, but unlike mutual funds, they can be purchased or sold on a stock exchange just like regular equities. An ETF can monitor anything, from the price of a single commodity to a big and diverse group of securities. ETFs might even be created to adhere to specific investment philosophies.

ETF share values vary throughout the day as the ETF is bought and sold, unlike mutual funds which only trade once per day after the market closes.

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Efforts to gain power, influence those in power, bring new people to power, or throw current leaders out are forms of?

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Efforts to gain power, influence those in power, bring new people to power, or throw current leaders out are forms of Politics .

What is Politics means ?

Politics is the process by which people who live in groups make decisions. Politics is the process of reaching agreements between people in order for them to live together in groupings such as tribes, towns, or countries. Some people in huge groupings, such as countries, may spend a significant amount of time making such agreements. These folks are known as politicians. Politicians and other people may band together to form a government. Political science, political studies, and public administration are all terms used in universities to describe the study of politics.

In ordinary parlance, the phrase "politics" refers to how countries are governed and how governments adopt rules and laws. Politics can also be found in other types of organizations, such as businesses, clubs, schools, and churches.

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What is contractionary policy used for?

Answers

Answer:Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy. Contractionary policies aim to reduce the rates of monetary expansion by putting some limits on the flow of money in the economy.

Explanation:

What item flows from the income statement to the statement of retained​ earnings?.

Answers

The statement of retained profits is updated with the net income from the income statement.

The sum that is left over after all expenses, including as salaries, the price of goods or raw materials, and taxes, have been covered is known as net income. The amount that a person keeps after paying taxes, health insurance premiums, and retirement expenses is known as net income.

What differences exist between gross and net income?

Looking for a faster, more accurate way to calculate pay? The sum of an employee's paycheck that is left over after payroll deductions such as taxes, benefits, and other expenses is referred to as their gross pay. Net pay, often known as take-home pay, is what is left over after all withholdings have been deducted.

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You notice that juice is now selling for much higher prices than in the past. which two things would you expect to happen next?

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When there is a condition that juice is being sold for much higher prices than in the past, one can expect lowered demand and increased supply for juice to happen next.

What is the significance of a demand?

A demand is a phenomenon which has an indirect relationship with the price of such product. Thus, when price of a product, such as juice, increases, its demand naturally decreases with an increase in the supply of the juice. There may also be a shift in the demand for alternatives to juice being increased.

Therefore, the significance regarding demand has been aforementioned.

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A market with many buyers and sellers free entry and exit and no externalities is called:_______.

Answers

Answer:

market economy

Explanation:

command economy is complete government control, traditional economy is occupations led down through generations, market economy is an absolute free market, and mixed economy is a mixture of command and market.

What is the dollar value of the total surplus (= producer surplus consumer surplus) when the allocatively efficient output level is produced?

Answers

The dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level Q1 is being produced is to calculate total surplus, we use the following formula for the area of a triangle:

Area = ½ × Base × Height.

The area between the demand curve and the supply curve for the quantity ranging from 0 to 20 is the total economic surplus.

This is a triangle with a base that is the price difference at Q = 0, of points a and c (110 - 10), and a height of 20 (the number of units purchased in equilibrium).

Using these values, we have a total surplus of $1000. The consumer surplus is the area between the demand curve and the equilibrium price line.

Here we have a base that is the price difference between the demand schedule price at Q = 0, which is $110, and the equilibrium price of $50.

The height of the triangle is once again 20 (the number of units purchased in equilibrium). Using these values, we have a consumer surplus of $600.

What is a consumer surplus?

Consumers surplus is a measure of consumer welfare. Consumers surplus means the excess of social valuation of product over the price actually paid. Consumers surplus is determined by the area of a triangle below a demand curve and above the observed price.

Therefore, the dollar value of the total surplus is $600.

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The tendency of the return on stockholders' equity to vary disproportionately from the return on total assets is because of:________

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A metric of financial performance known as return on equity (ROE) is obtained by dividing net income by shareholders' equity. ROE is referred to as the return on net assets since shareholders' equity is determined by subtracting a company's debt from its assets.

The tendency of the return on stockholders' equity to vary disproportionately from the return on total assets is because of ROE. Return on assets (ROA) is a metric for gauging how effectively a business uses its assets to make money. ROA is a metric that managers, analysts, and investors use to assess a company's financial standing.

Because the business may make more money with a less investment, the higher the ROA number, the better. Simply put, a higher ROA translates into greater asset efficiency.

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Daily lift passes were sold this month for a total of $85,200 cash. record the transaction.

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Each day elevate passes had been bought this month for a total of $85,200 cash. document the transaction: coins To carrier sales.

A transaction is a finished agreement among a buyer and a vendor to trade goods, services, or financial property in return for cash. The term is also usually utilized in company accounting. In enterprise bookkeeping, this undeniable definition can get elaborate.

Examples of transactions are as follows: Paying a provider for offerings rendered or items brought. Paying a supplier with cash and a notice in an effort to attain possession of a belongings formerly owned by using the vendor. Paying an employee for hours worked.

Term Transaction method a Transaction deliberating more than one Transfers with a delivery length the length of which is one (1) calendar month or greater.

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Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called.

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Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called Financial Markets

What is financial markets?

Financial markets broadly refer to any setting where securities are traded, including, but not limited to, the stock market, bond market, FX market, and derivatives market. Capitalist economies cannot function well without financial markets.

Financial markets are essential for the efficient running of capitalist economies because they distribute resources and provide liquidity to firms and entrepreneurs.

Buying and selling financial assets is made simple by the markets. Financial markets provide securities products that offer a return to people with extra money (investors/lenders) and make that money accessible to others who need more cash (borrowers).

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A company's ______ help guide present decisions and create a path to follow for future development.

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A company's objectives help guide present decisions and create a path to follow for future development.

For the purposes of this Act, future construction will be regarded as a component of the same residential project. It is made clear that, under the Act, PROMOTER/DEVELOPER may further categorize Future Development into several sorts, and each of these categories will be treated as a separate Project. All these developments are hereinafter referred collectively as “PROJECT”. The Allottee and the PROMOTER/DEVELOPER have a binding agreement that, in the event of any Future Development, the Allottees of the Country Home section shall have full and unrestricted access to the Common Areas and shall be entitled to use all the common amenities. The Country Home section of the Future Development's allottees, however, may have access to some special facilities there.future development. Buyer is aware that the Property may be affected by future development in the neighborhood or surrounding areas and the Property may be subject to building and development restrictions and conditions. Buyer is advised to consult with appropriate governmental agencies and shall rely solely upon Buyer’s own investigations to determine future development or planning and its potential impact on the property.

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If an asset is exchanged for notes payable and the stated interest rate does not closely reflect the market rate at time of negotiation, the market rate should be established with reference to the:_______

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If an asset is exchanged for notes payable and the stated interest rate does not closely reflect the market rate at time of negotiation, the market rate should be established with reference to the value of the asset or service exchanged.

What is market rate?

The market rate, sometimes referred to as the going rate, is the average cost of an item or service in a free market as opposed to a price set by a government agency.

Producers typically increase a product's price in response to rising demand, raising the market rate. The converse happens when demand decreases.

Employee compensation is also based on market prices. The going rate, or standard rate for the kind of job being done, is what an employer who pays the market rate pays to their employees.

Market rate, as used in the financial industry, is the interest rate charged on a debt securities that is traded publicly. The market rate in finance reacts to market forces immediately, just like it does with commodities and services (supply and demand).

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Users of accounting information can be divided into two main groups. these groups include:____.

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Users of accounting information can be divided into two main groups. these groups include internal users and external users.

Internal users include managers and proprietors of the business whereas external users contain investors, creditors of funds, suppliers of goods, government agencies, the general public, consumers, and employees.

What are the two users of computation information?

There are three immediate users of computation information: internal users, external users, and the government. Each group uses accounting information differently and requires the information to be delivered differently.

Who are the main user clusters of accounting information?

Three primary users of accounting data were previously identified, internal users, external users, and government/IRS. Each company uses accounting knowledge differently and needs the information to be delivered differently.

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A company reports an increase in retained earnings of $2.8 billion and dividends of $2.0 billion. what is the amount of net income?

Answers

Amount of net income of Company  is = Increase in retained earnings + dividend paid when company reports an increase in retained earnings of $2.8 billion and dividends of $2.0 billion .

= $2.8 billion + $2.0 billion

= $4.8  billion

What is Net Income of a company ?

The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income.

Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions. For financial health to be evident, net income should ideally exceed expenses.

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Suppose that the price of tea, which might be a substitute for coffee, goes up. this might lead to ____ in the coffee market.

Answers

Let's say the cost of tea, a possible coffee alternative, increases. This might enhance consumer demand for coffee.

What Is a Demand?

A consumer's desire to buy products and services and willingness to pay a certain price for them are two aspects of demand, an economic notion. When a product or service's price goes up, less people will typically buy it. In a similar vein, a rise in demand will follow a fall in a product or service's price.

Demand is a concept that both customers and businesses are highly familiar with because it is logical and happens frequently throughout the course of almost any day. When a product's pricing is low, for instance, shoppers who are keeping an eye on it will purchase more of it. Shoppers purchase fewer items or sometimes none at all when anything occurs that increases the price, such as a change in season.

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A group of companies that deal with more or less the same set of suppliers and buyers make up ______.

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A group of companies that deal with more or less the same set of suppliers and buyers make up an Industry. The meaning of an industry is any enormous scope business action or a kind of useful production or exchange.

What is an Industry?

Industry (fabricating), a particular part of financial action, ordinarily in plants with hardware.

The more extensive modern area of an economy, including assembling and creation of other transitional or last merchandise. The overall attributes and creation strategies normal to a modern culture.

Industry, gathering of useful endeavors or associations that produce or supply products, administrations, or kinds of revenue. In financial matters, businesses are for the most part delegated essential, optional, tertiary, and quaternary auxiliary enterprises are additionally named weighty and light.

Therefore An industry is a gathering of organizations that are connected in view of their essential business exercises.

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Do the auditing standards set by the pcaob apply to audits of nonpublic companies? explain.

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The auditing standards set by the PCAOB do not apply to audits of nonpublic companies this is because non  private companies' auditors keep tp or adhere to ASB guidance.

Do PCAOB standards apply to private companies?

Auditors of public companies are those that are mandated to follow standards set by the PCAOB, while those of private companies' auditors are known to be one that adhere to ASB guidance.

The PCAOB board is one that state that the professional auditing standards that are the ones that registered auditing firms need to use. These standards are said to be used in the act of monitor accounting firms.

Therefore, based on the above, The auditing standards set by the PCAOB do not apply to audits of nonpublic companies this is because non  private companies' auditors keep tp or adhere to ASB guidance.

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A salesperson with a(n) ________ orientation tends to focus more on selling to existing customers by building long-term relationships.

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'A salesperson with farming orientation tends to focus more on selling to existing customers by building long-term relationships.

Seller is the plural form of seller, a person whose business is to sell products or services. A less common plural form of cellar is cellar. Another term for a salesperson is salesperson (or sales person).

Seller is a person who sells goods or services. An example of a seller is someone who sells cars. salesman. A person engaged in the sale of goods or services.

A great salesperson should offer customers more than an inspiring sales pitch. He is an enthusiastic and resilient person who understands the needs of his customers, shows empathy and takes the time to sell his products with confidence.

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Once small businesses hire employees, they can _____ to increase job satisfaction and retain their employees.

Answers

Once small businesses hire employees, they can offer flexible working hours, Provide comfortable working conditions, Share profits with employees, Provide employee benefit programs to increase job satisfaction and retain their employees.

What is Share profits?

Profit sharing refers to a variety of incentive programs that companies have implemented that, in addition to employees' regular salaries and bonuses, offer direct or indirect rewards to workers based on the company's profitability.

Therefore,

Once small businesses hire employees, they can offer flexible working hours, Provide comfortable working conditions, Share profits with employees, Provide employee benefit programs to increase job satisfaction and retain their employees.

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To find an economy's long-run equilibrium price level, locate the point where ________ and ________ cross and look to the left.

Answers

To find an economy's long-run equilibrium price level, locate the point where ​long-run aggregate​ supply and aggregate demand cross and look to the left.

The term "long-run aggregate supply" (LRAS) refers to the output that an economy can produce when all of its factors of production are utilized and, as a result, when it is at full employment. The output is unaffected by changes in the price level over the long term, according to the graph of the relationship.

The total amount of purchases is described by aggregate demand. When the economy is in equilibrium, total demand and total supply are roughly equal. To put it another way, total demand is equal to the GDP of the respective country.

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If a firm has fixed costs of $250,000, a market-based selling price of $50 per unit, and it expects to sell 20,000 units, how low must its variable costs be to break even?

Answers

The variable costs would have to be as low as $37.50 to break even

What is break-even units?

The breakeven units, which is the number of units the company has to sell to ensure its total costs are the same as the revenue can be determined as the fixed costs divided by the contribution margin per unit, which is the market-based selling price minus the variable cost per unit

break-even units=fixed costs/(market-based selling price-variable cost)

break-even units=its target sales units=20,000

fixed costs=$250,000

market-based selling price=$50

variable cost per unit=unknown(assume it is VC)

20,000=$250,000/($50-VC)

20,000*($50-VC)=$250,000

$1,000,000-20000VC=$250,000

$1,000,000-$250,000=20,000VC

$750,000=20,000VC

VC=$750,000/20,000

VC=variable cost=$37.50

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In economic systems considered __________________________ the market largely determines what goods and services get produced, who gets them, and how the economy grows.

Answers

Free-market economies are those in which the market mostly dictates what commodities and services are produced, who receives them, and how the economy expands.

Supply and demand are the foundation of the free market, which has little to no governmental intervention. It is a concise description of every voluntary exchange that occurs in a specific economic setting. A spontaneous and decentralized sequence of arrangements by which people make economic decisions is what defines free markets. The size of a country's free market economy might vary greatly or be completely banned depending on its political and legal framework.

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