What is a market economy based on?
A market economy is an economy in which prices of things are freely set based on the laws of supply and demand.ChaCha on!
Answered by Joann H. -Galleries
Related Questions
-
What is the connection between incentives and consumer sovereignty in a free market economy?
Consumers are free to spend their income in such a way as to ...
-
A market based economy is free from government intervention o...
-
What are the characteristics of a market economy?
Everybody is both a means and an end in himself, an ultimate ...
-
Is Sweden a pure market economy?
A fun fact is that your giving me a lot of money at miguelpol...
-
Why does poverty exist in a free market economy?
Poverty exists in a free market economy because people can ch...
Comments