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Pie
3 years ago
9

List and describe the major goals of a market economy in the diagram below.

Geography
1 answer:
fiasKO [112]3 years ago
8 0

Answer:

A market economy functions under the laws of supply and demand.

It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention.

Competition drives the market economy as it optimizes efficiency and innovation.

Explanation:

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