Economy, asked by sachinchaudhary4441, 6 months ago

What is market Economy? Write its any two features.

Answers

Answered by sarikasankar20

2

Answer:

A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention. Competition drives the market economy as it optimizes efficiency and innovation.

Explanation:

Answered by sahilmishra1916

2

Answer:

A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention. Competition drives the market economy as it optimizes efficiency and innovation.

Characteristics of a Market Economy (free enterprise)

Private Property.

Economic Freedom.

Explanation:

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