Question

the main aim of a pure market economy is to satisfy the wants of
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Answer 1

Answer:

ᴛʜᴇ ᴘʀɪɴᴄɪᴘʟᴇ ᴏғ ᴍᴀʀᴋᴇᴛ ᴇᴄᴏɴᴏᴍʏ ᴅɪᴄᴛᴀᴛᴇs ᴛʜᴀᴛ ᴘʀᴏᴅᴜᴄᴇʀs ᴀɴᴅ sᴇʟʟᴇʀs ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴡɪʟʟ ᴏғғᴇʀ ᴛʜᴇ ʜɪɢʜᴇsᴛ ᴘᴏssɪʙʟᴇ ᴘʀɪᴄᴇ ᴛʜᴀᴛ ᴄᴏɴsᴜᴍᴇʀs ᴀʀᴇ ᴡɪʟʟɪɴɢ ᴛᴏ ᴘᴀʏ ғᴏʀ ɢᴏᴏᴅs ᴏʀ sᴇʀᴠɪᴄᴇs. ᴡʜᴇɴ ᴛʜᴇ ʟᴇᴠᴇʟ ᴏғ sᴜᴘᴘʟʏ ᴍᴇᴇᴛs ᴛʜᴇ ʟᴇᴠᴇʟ ᴏғ ᴅᴇᴍᴀɴᴅ, ᴀ ɴᴀᴛᴜʀᴀʟ ᴇᴄᴏɴᴏᴍɪᴄ ᴇǫᴜɪʟɪʙʀɪᴜᴍ ɪs ᴀᴄʜɪᴇᴠᴇᴅ

Answer 2

Answer:

The principle of market economy dictates that producers and sellers of goods and services will offer the highest possible price that consumers are willing to pay for goods or services. When the level of supply meets the level of demand, a natural economic equilibrium is achieved

Explanation:

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