zoezbart zoezbart
  • 01-02-2021
  • Social Studies
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Which statement best describes what happens in a market economy

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brodielynchhammers
brodielynchhammers brodielynchhammers
  • 01-02-2021

Explanation:

A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1 Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.

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