Question

what is a market and its advantages​

Answer 1

Hey, A market economy has several advantages: Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money. Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.

morganpettry

I hope this helps

Answer 2

Hey, A market economy has several advantages: Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money. Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.