Define pure market economy (50 points)

Social Studies

2 answers:

lora16 [44]3 years ago

3 0

Answer:

Pure Market Economy. In a pure market economy, all of the factors of production are owned by individuals who sell them or the use of them to firms for the production of goods and services.

hope this helps!!:)

Explanation:

xxMikexx [17]3 years ago

3 0

An economy, or economic system, that relies exclusively on markets to allocate resources and to answer all three questions of allocation. ... Then contrasting theoretical ideal is a pure command economy in which governments make all allocation decisions.

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