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What is a market economy?

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What is a market economy?

Posted by Ruhul Laskar 3 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Nagulan Sundar M 3 years, 6 months ago

A market economy is an economic system in which the decision regarding investment, production and distribution are guided by the price signals created by the force of supply of demand..

Meghna Thapar 3 years, 6 months 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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