2 years ago

In market economy what generates the economy? What fuels the economy? Ex. Military spending, Agriculture, etc.

1 answer:

7 0

Answer:

Prices arise naturally in a market economy based on supply and demand. Consumer preferences and resource scarcity determine which goods are produced and in what quantity; the prices in a market economy act as signals to producers and consumers who use these price signals to help make decisions.

Explanation:

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