Economy, asked by rameshambrahma, 5 months ago

explain how does a market economy solve the central problems pf the economy?

Answers

Answered by soumyajitsarkar724

Answer:

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Answered by techbaba787878

Explanation:

The market economy helps with solving the economic problem by providing a mechanism for deciding what, how and for whom production will take place. In a free market system consumers are the ones to determine the allocation of resources. Profits acts like a signal for what is to be produced.

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