BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand.

Detailed explanation-2: -A market economy is a type of economic system where supply and demand regulate the economy, rather than government intervention.

Detailed explanation-3: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.

Detailed explanation-4: -In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.

Detailed explanation-5: -A market economy is an economic system where two forces, known as supply and demand, direct the production of goods and services. Market economies are not controlled by a central authority (like a government) and are instead based on voluntary exchange.