3 years ago

What is definition of a pure market economy?

History

2 answers:

morpeh [17]3 years ago

6 0

Answer:

Hi There!,

PURE MARKET ECONOMY: An economy, or economic system, that relies exclusively on markets to allocate resources and to answer all three questions of allocation. This theoretical ideal has no governments, markets are used to make all allocation decisions.

Explanation:

Mariana [72]3 years ago

3 0

Answer:

Pure Market Economy: An economy, or economic system, that relies exclusively on markets to allocate resources and to answer all three questions of allocation. This theoretical ideal has no governments, markets are used to make all allocation decisions.

Explanation: Google says so.

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