Question

What is a market economy? a market that relies on the trading of goods and services without the use of money an economic system in which the government or another central administration regulates supply and prices a system in which people earn wages and buy the goods and services they choose an economic system that is a combination of both command and market economies.

Answer 1

Market economy refers to an economic system wherein

decisions about investments, product-making, and distribution of goods and

services are centered on the interaction of supply and demand, wherein supply

and demand plays important roles in determining a product/service’s price or

value.

Answer 2

D.)    a system in which people earn wages and buy the goods and services they choose

Explanation:

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