Ask Question
HistoryHistory
29 April, 12:30

How are prices determined in capitalists economic?

+1
Answers (1)
  1. 29 April, 12:49
    0
    In a capitalist society the prices of goods, services and labour are determined by supply and demand. If a lot of people want to buy a certain product its price will go up. Products that are mass produced usually have low prices. Another important feature of capitalism is competition.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How are prices determined in capitalists economic? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What were two goals of the progressive movement in the u. s in the 1900?
Answers (1)
The rapid westward migration caused by the discovery of gold in California led directly to
Answers (1)
Of what did president hoover assure the nation on friday, october 25, 1929, the day after black thursday
Answers (1)
What was a major contribution of the roman empire to western society?
Answers (1)
How did the first people (not European settlers) arriving in the Americas support themselves?
Answers (1)
New Questions in History
Ideas found in the Declaration of Independence were influenced by the
Answers (1)
Some historians call the Soviet-Afghan war the Soviet Union's "Vietnam." What do they mean by this reference
Answers (2)
What entrepreneurial abilities did the strauss brothers have?
Answers (1)
Why did the states of prussia lead german unification?.
Answers (1)
Where did the settlement house movement begin? A. chicago B. the united states C. england D. new york
Answers (1)
Home » History » How are prices determined in capitalists economic?
Sign Up Forgot Password?