In capitalist economies, prices are

a. usually unfair.

b. set by the central government

c. used to ensure social equality

d. determined by supply and demand

Question

Social Studies

Snoopy

2 October, 05:43

In capitalist economies, prices are

a. usually unfair.

b. set by the central government

c. used to ensure social equality

d. determined by supply and demand

+1

Answers (1)

Know the Answer?

Lucia Garner · Answer 1

In a capitalist economies prices are determined by supply and demand, which means that the more the demand for a given thing, the higher the prize and that the bigger the supply the lower the prize. This is in contrast to command economies, where the prize is decided by the Government.

The correct answer is d. determined by supply and demand

In capitalist economies, prices area. usually unfair.b. set by the central governmentc. used to ensure social equalityd. determined by supply and demand

In capitalist economies, prices are

a. usually unfair.

b. set by the central government

c. used to ensure social equality

d. determined by supply and demand