What is a market economy?
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Posted by Ruhul Laskar 5 years, 1 month ago
- 2 answers
Meghna Thapar 5 years, 1 month ago
A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses. A market economy is a system where the laws of supply and those of demand direct the production of goods and services. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.
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Nagulan Sundar M 5 years ago
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