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

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asked Oct 5, 2022 188k views

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Jaco Van Niekerk · Answer 1 · 2022-10-09T15:38:05+0000

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.

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

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