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What are the concept of market …

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What are the concept of market economy?

Posted by Bawiinu Haokip 3 years, 5 months ago

CBSE > Class 12 > Sociology

1 answers

Himanshi Saini 3 years, 5 months ago

A market economy is defined as a system where the production of goods and services are set according to the changing desires and abilities of the market players. It allows the market to operate freely in accordance with the law of supply and demand, set by individuals and corporations, as opposed to governments.

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