It was Franklin D. Roosevelt, who was President of the United States at the time, who coined the name for the United Nations, since he wanted to usher in a new era of international cooperation.
Explanation:
A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention. Competition drives the market economy as it optimizes efficiency and innovation.
