Question

a pure market economy is sometimes called a pure

Answer 1

Answer:

yes sometimes it is recognised as a pure

A pure market economy is sometimes called pure. capitalism. Which situation best reflects the concept of free enterprise? Consumers have a choice between two bakeries in a single city block. Economic patterns help economists make forecasts, which are also called.

mate I hope it helped you

Answer 2

Answer:

A pure market economy is sometimes called a pure capitalism.

Explanation:

• A pure market economy is a theoretical extreme on the economic system spectrum that does not exist in reality.
• It does, however, offer a standard against which economic systems in the actual world may be compared.
• Markets are utilized by buyers and sellers to willingly trade commodities, services, and resources in pure market economies.
• Buyers look for the best deals. The highest possible price is what sellers look for.
• Resources are allotted to the manufacture of items with the highest pricing and the greatest fulfilment of demands and requirements.
• A market-oriented economy, sometimes known as capitalism, is the application of a pure market economy in the actual world.
• The prime example is the market-driven economy of the United States.
• While in principle markets or governments might allocate resources solely, in practise all economies—what is known as a mixed economy—rely on a combination of both markets and governments to make allocation choices.

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