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ok a market economy is where the people have a lot of say in there affairs America is a market economy
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.
Market economy is based on the principles of supply and demand, and lets business survive or fail without much interaction from the government.
what do you mean alot of say
an economy in which most goods and services are produced and distributed through free markets
an economic system in which prices are based on competition among private businesses and not controlled by a government
i mean like we are pluged ito out government
The theory behind a market economy is that the market will respond to changes in demand with changes in supply.
An example of a market economy is the United States. In a market economy the resources of a country are owned and controlled by the people of the country, rather than the government. It has little to no government involvement when determining prices.
so basically a market economy is about the people and what they want
LOL, well, if you want to sum it up with no fun then i guess thats what you would say lol jk
i have some more questions can you guys/girls help?
umm.. sure but if u could then can you please put this under social studies :)
i mean is based on the people what will me make what the people want like iphones who will buy it? who can afford it who will make it? who is the best at it and meets our expectations
and yes i will help with more
Your too late gigi lol jk I like playing around sorry
i was just trying to give a better understanding