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What is a market economy

asked
User Mhutter
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2 Answers

6 votes

Answer:

an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.

Step-by-step explanation:

Because I said

answered
User Damusnet
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8.4k points
7 votes


\large \tt \color{pink}market \: \: economy

  • The definition of a market economy is one in which price and production is controlled by buyers and sellers freely conducting business

example

  • the United States economy where the investment and production decisions are based on supply and demand.


\large \gray{ \boxed{{ \colorbox{g}{hope \: \: it \: \: helps}}}}

#carryonlearning

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User Brain Foo Long
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8.1k points

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