A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and dem

Question

tangare [24]

3 years ago

10

A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and dem

and, and prices of goods and services are determined in a free price system.

Social Studies

1 answer:

erastovalidia [21] · Answer 1 · 2022-10-02T00:38:22+03:00

erastovalidia [21]3 years ago

8 0

Yes, this is true!

Market economy is what distinguishes the capitalist systems and the "opposite" is command economy - an economy which is centrally planned, that is, where the government decides what will be produced and how it will be distributed.