2 years ago

What is characteristic of a pure market economy

1 answer:

4 0

Answer:

An economy, or economic system, that relies exclusively on markets to allocate resources and to answer all three questions of allocation. ... In pure market economies, markets are used by buyers and sellers to voluntarily exchange goods, services, and resources. Buyers seek to pay the lowest prices.

Explanation:

So you would be able to like use that it relies on the market for resources, used by buyers,sellers to exchange goods and then buyers kind of bid for the lowest price

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