Economy, asked by Gauravdubey6758, 11 months ago

Market efficiency and problem of econmic organization

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Answered by Anonymous

1

Answer:

A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.

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