The government has little to no role in the production of goods in this fairytale type of economy that does not exist. *

Social Studies

1 answer:

levacccp [35]3 years ago

8 0

Answer:

Market economy

Explanation:

In simple words, a market economy refers to an economic system under which the prices of goods and services are fixed by the market forces of demand and supply. In such economies, the intervention of government is minimal or nothing.

This can be seen as an extension for capitalist market such as America. However, in an absolute manner they cannot exist.

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