Slickster256
  • Slickster256
could you explain a market economy
Mathematics
  • Stacey Warren - Expert brainly.com
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jamiebookeater
  • jamiebookeater
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gigi1103
  • gigi1103
ok a market economy is where the people have a lot of say in there affairs America is a market economy
gigi1103
  • gigi1103
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.
anonymous
  • anonymous
Market economy is based on the principles of supply and demand, and lets business survive or fail without much interaction from the government.

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Slickster256
  • Slickster256
what do you mean alot of say
Yuliacosta111
  • Yuliacosta111
an economy in which most goods and services are produced and distributed through free markets
Slickster256
  • Slickster256
oh ok
Yuliacosta111
  • Yuliacosta111
an economic system in which prices are based on competition among private businesses and not controlled by a government
gigi1103
  • gigi1103
i mean like we are pluged ito out government
gigi1103
  • gigi1103
into
anonymous
  • anonymous
The theory behind a market economy is that the market will respond to changes in demand with changes in supply.
anonymous
  • anonymous
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.
gigi1103
  • gigi1103
so basically a market economy is about the people and what they want
anonymous
  • anonymous
LOL, well, if you want to sum it up with no fun then i guess thats what you would say lol jk
Slickster256
  • Slickster256
yea lol
Slickster256
  • Slickster256
i have some more questions can you guys/girls help?
anonymous
  • anonymous
umm.. sure but if u could then can you please put this under social studies :)
anonymous
  • anonymous
tag me
gigi1103
  • gigi1103
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
gigi1103
  • gigi1103
and yes i will help with more
anonymous
  • anonymous
Your too late gigi lol jk I like playing around sorry
gigi1103
  • gigi1103
i was just trying to give a better understanding
gigi1103
  • gigi1103
lol XD

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