A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determi…

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asked May 21, 2017 56.9k views

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Rowe · Answer 1 · 2017-05-25T13:05:28+0000

Yes, this is true!

Market economy is what distinguishes the capitalist systems and the "opposite" is command economy - an economy which is centrally planned, that is, where the government decides what will be produced and how it will be distributed.

A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determi…

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