Question

Which statement best describes a pure market economy

Answer 1

An economy or economy system that relies on markets to provide them resources.

Answer 2

Out of the statements listed, the decisions made by producers and consumers try all economic choices best describes a pure market economy. A pure market economy is an economy where the market controls all of the decisions and allocations of goods. The market is made up of the producers and consumers, which is why this statement makes the most since. The government does not play any role in a pure market economy, which is where it received its name pure market because the market is purely responsible.