Economy, asked by s705485, 10 months ago

A pure market economy is sometimes called pure
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Answers

Answered by mindfulmaisel
0

A pure market economy is called so because it based entirely on the allocation of the market and all the three questions of allocation has been answered by it.

Explanation:

  • Economy can be of three different types. These are command, market and traditional.
  • A market economy is pure. There is no interference of the government in the production process. Moreover it is dependent of the market system and not on any external factors.
  • A pure market economy has the disadvantage of not having the liberty to produce adequate amount of material required for a nation.

To know more about pure market economy

In a pure market economy prices are generally determined by

https://brainly.in/question/8826211

Answered by fluffydixie83
0

Answer:

Capitalism

Explanation:

I just took the test and I hope this helps.

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