Economy, asked by ackimchuma335, 10 months ago

state and explain characteristics of a market economy

Answers

Answered by hariommaurya97

A market economy is a system where the laws of supply and demand direct the production of goods and services. Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government.

Previous Question

Next Question

Similar questions

English, 5 months ago

How did the young officials treat Akaky Akakievich in the overcoat?

English, 5 months ago

how does shape, color and luster affect the pearls value?

Psychology, 5 months ago

what is emotional intelligence?

English, 10 months ago

Then I made a mistake who made a mistake what mistake did the speaker make was it really a mistake...

Math, 10 months ago

ABC is a triangle. AD perpendicular BC and BD = 3 CD. Prove that 2(AB)2 = 2(AC)2 + BC2...

Math, 1 year ago

a bicycle wheel makes 5000 revolutions in moving 11 km. Find the diameter of the wheel.

English, 1 year ago

it is attitude towards goal and not the money that matters do you agree?how do you agree about Maria sharapova...

Psychology, 1 year ago

✔✔HEYY FRIENDS✔✔ ⏬⏬RIDDLES⏬⏬ ???WHAT DO YOU BREAK BEFORE YOU USE IT??? ❤❤FULL EXPLANATION❤❤...