Economy, asked by rameshambrahma, 6 months ago

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

Answered by Anonymous
9

Answer:

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.

Answered by jethybibhusit
1

Answer:

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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