What is one way a market economy affects the lives of private citizens?
Citizens can change jobs relatively easily.
Citizens cannot choose their own careers.
Citizens do not have to pay for their housing.
Citizens have little freedom and independence.
Answers
Option A is the right answer that the Citizens can change jobs relatively easily.
A Market Economy is a system where all the decisions- making about investments, productions and distribution are supervised by the prices generated by the laws of demand and supply. The features of the Market Economy includes individualism, private owned resources etc. The market economy range from minimally directed Free Market and Laissez – Faire mode where the activity of the State is limited to providing public goods and services and safeguarding individual ownership to interventionist models where the management plays an active role in improving Market Failures and favoring social welfare.
The correct answer for your question is option (A)- The citizens can change their jobs relatively easily.
A market economy has both government and private run industries that do good to the people. In this type of economy, the production and benefits are shared between the private and the public sector. So a mixed market economy must have to exist under a democratic government that provides some regulations. For example: Economy in India and United states.
A market economy with no regulation will do no good to the people and also bring complete disaster to a country’s economy.
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