ENTREPRENEURSHIP

Detailed explanation-1: -In a market economy, the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees. These decisions in a free-market economy are influenced by the pressures of competition, supply, and demand.

Detailed explanation-2: -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.

Detailed explanation-3: -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.

Detailed explanation-4: -Market Theory Market economies work using the forces of supply and demand to determine the appropriate prices and quantities for most goods and services in the economy.