WORLD CIVILIZATION

CIVILIZATION

GREEK

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Economic
A
a pizza company also known as Papa John’s
B
a new hairstyle made by Marco Polo
C
something to do with pigs and farming
D
the system in a country that involves making, buying, or selling goods
Explanation: 

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: -A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country’s individual citizens and businesses.

Detailed explanation-3: -Each has its own distinguishing characteristics, although they all share some basic features. Each economy functions based on a unique set of conditions and assumptions. Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.

Detailed explanation-4: -A market economy, also known as a free market or free enterprise economy, is a system in which economic decisions, relating to things such as the prices of goods and services, are determined by supply and demand.

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