A market is a social institutions what is your opinion
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hlo Friend ✓ ^_^
MY OPINION____________^_×
Market as a social Institution
This is an economic system in which the prices of the resources are determined on the basis of supply and demand. In practice there are some limitations on market freedom in almost all countries. Capitalism is the main feature of free market economy. Capitalism as an institution is the product of the Industrial Revolution. This type of economic organization is defined by private ownership and control of the economic instruments of production .The gearing of economic activity to making profits. A market framework that regulates this activity. The appropriation of profits by the owners of capital .The provision of labour by workers who are free agents. Capitalism has developed and expanded to dominate economic life along with the growth of industrialization although some of the features were to be found in the commercial sector of the pre-industrial European economy.
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MY OPINION____________^_×
Market as a social Institution
This is an economic system in which the prices of the resources are determined on the basis of supply and demand. In practice there are some limitations on market freedom in almost all countries. Capitalism is the main feature of free market economy. Capitalism as an institution is the product of the Industrial Revolution. This type of economic organization is defined by private ownership and control of the economic instruments of production .The gearing of economic activity to making profits. A market framework that regulates this activity. The appropriation of profits by the owners of capital .The provision of labour by workers who are free agents. Capitalism has developed and expanded to dominate economic life along with the growth of industrialization although some of the features were to be found in the commercial sector of the pre-industrial European economy.
I HOPE ITS HELP U SO MARK ME AS THE BRAINLIST^_^
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yes I agree by this statement because
1. it give jobs to poors people
2. it contributes in our gdp
3. it help in trade and commerce
4. it is only reason for friendship with nearby countries.
5. it helps to farmers for selling their goods and products
1. it give jobs to poors people
2. it contributes in our gdp
3. it help in trade and commerce
4. it is only reason for friendship with nearby countries.
5. it helps to farmers for selling their goods and products
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