Ask Question
16 July, 20:52

A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

+4
Answers (1)
  1. 16 July, 21:53
    0
    Yes, this is true!

    Market economy is what distinguishes the capitalist systems and the "opposite" is command economy - an economy which is centrally planned, that is, where the government decides what will be produced and how it will be distributed.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers