Explain why a market economy offers more economic freedom and consumer choice?

1 answer:

3 0

"We can choose the products and services that best suit our needs. If a product is not needed it will fade away because there isn't a demand."

"If a product or service is needed it will be copied giving the consumer more choices and creating competition. Consumer demand and the competition will dictate the price points for a product or service. To sum up the freedom of choice can cause a product or service to succeed or fail based on the demand of the market created by consumers."

https://www.answers.com/Q/How_can_freedom_of_choice_effect_the_avalibilities_of_products_and_services_for_consumers

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