Question

The goal of a market economy is to

Answer 1

The goal of a market economy is to create more freedom, economic growth, efficiency and to prevent government interventions.

Further explanation

A Market economy is an economic system regulated by supply and demand, not the government. Most of the resources, equipment, buildings, goods, and services in a market economy own by individual and private business. Most economic decisions are made by buyers and sellers, not the government

Characteristics of the market economy are:  

1. Private ownership: Most of the resources, goods, and services are owned by individual or private sectors.  
2. Freedom of choice and free enterprise: Entrepreneurs have the freedom to get and use their resources. Consumers are free to buy goods and services to fill their need.  
3. The motive of self-interest: Entrepreneurs try to get the highest profits for their businesses. On the other hand, consumers try to get the greatest benefits from their budgets.
4. Competition: competition ensures greater quality and lower prices for consumers.
5. A system of markets and prices  

Learn more

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Keywords: market economy, central government, characteristic of a market economy, economic system, market economy's goal

Answer 2

A market economy is an economic system where the prices of goods are and economic decisions are based on the collective interactions of the individual people in the economy and the businesses present. The goal of a market economy may be described as wanting to limit the government involvement in economic decisions.Hope this helps. Let me know if you need additional help!