Social Studies, 06.05.2020 06:17 lolsmaster3951

Which of the following describes a free market economy

Government controls it.

Business determine what products to create and sell.

Businesses must give many of their profits to the government.

Answers: 3

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Answer from: jj11vb

The correct answer is Business determine what products to create and sell.

Explanation:

In a free market economy, the prices of each product or service are established by the same business, depending on the demand for them.

In this type of economy, the government does not intervene, that is, everyone can sell a product at the price they want. If there is a high demand for a product or service, the price of that product may increase without anyone regulating this.

This would create a balance between supply and demand, so that both the consumer and the business that manufactures the products are responsible for setting the prices.

Given this information we can say that the correct answer is: Business determine what products to create and sell.

Answer from: Quest

because he is that the right

Answer from: Quest

question - in 1827, john walker, a druggist in a small english town, tipped a splint with sulphur, chlorate of potash, and sulphid of antimony, and rubbed it on sandpaper, and it burst into flame. the druggist had discovered the first friction-chemical match, the kind we use to-day. it is called friction-chemical because it is made by mixing certain chemicals together and rubbing them. although walker's match did not require the bottle of acid, nevertheless it was not a good one. it could be lighted only by hard rubbing, and it sputtered and threw fire in all directions. in a few years, however, phosphorus was substituted on the tip for antimony, and the change worked wonders. the match could now be lighted with very little rubbing, and it was no longer necessary to have sandpaper upon which to rub it. it would ignite when rubbed on any dry surface, and there was no longer any sputtering. this was the phosphorus match, the match with which we are so familiar. according the paragraph what was the benefit of the new phosphorus match? it burst into flame when rubbed on sandpaper. it was made by mixing chemicals. it could be ignited on any dry surface. it threw fire in all directions.

answer - matches required natural chemicals

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Which of the following describes a free market economy

Government controls it.

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