ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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property
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investment
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timely
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strong
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Detailed explanation-1: -A market economy is a type of economic system where supply and demand regulate the economy, rather than government intervention.
Detailed explanation-2: -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-3: -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-4: -A market economy is one in which the allocation of resources and the prices of goods and services are determined by market forces, primarily supply and demand.