Capitalist economy, economics, Microeconomics

Capitalist Economy: Under capitalist economy factors of production are owned and managed by private entrepreneurs. Production takes place on. the initiative an enterprise of the people profit. “The primary roles of the government are essentially to
Restore and develop the free market mechanism, wherever it is possible to ensure workable competitive conditions;
Remove all unnecessary restrictions on the operation of free competitive market; and
Provide a background through necessary government interventions and controls in which free competition can work effectively."
Posted Date: 2/10/2012 11:25:44 PM | Location : United States







Related Discussions:- Capitalist economy, economics, Assignment Help, Ask Question on Capitalist economy, economics, Get Answer, Expert's Help, Capitalist economy, economics Discussions

Write discussion on Capitalist economy, economics
Your posts are moderated
Related Questions
Malthus and the Food Crisis - Malthus predicted starvation as diminishing returns limited agricultural output and the population continued to grow. - Why did Malthus' predic

having utility function U(x,y)= x1/2=y1/2, determine the hicksian demand function, expenditure function and indirect utility function.

risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation

what is traditional economy 2 features of traditional economy

(a) Describe clearly how the interest rate is determined in: (i) Loanable Funds Framework; and (ii) Liquidity Preference Framework. (b) According to Liquidity preference

MRP systems - basic inputs  It has been estimated that in the USA where MRP was originated and developed by Oliver Wight and George Plossl (1985), virtually all Fortune 500 ma

Purpose: this case is intended to model supply chain, especially the reverse logistic behaviour. Description: In Cal Poly Pomona, TOM301 (Operations Management) is a core cou

Problem 1: (a) Differentiate between positive and negative externalities? Justify your answer using examples. (b) To what extent do government policies influence externali

a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?

what is cardinal utility. Please give an example