Question

In a market economy, goods are distributed based on . There is less influence by than in a . For example, in a market economy, a renter can lease an apartment simply because the renter can.

Answer 1

Answer:

In a market economy, goods are distributed based on price. There is less influence by government than in a command economy. For example, in a market economy, a renter can lease an apartment simply because the renter can pay the rent.

Explanation:

In a market economy, goods are distributed on the basis of ability to pay, or price. Government has less influence in a market economy than in a command economy. In a market economy, the decision to lease an apartment to a renter is based largely on the renter’s ability to pay the rent.

Answer 2

In a market economy, goods are distributed based on prices to generate maximum profit without the intervention of government economic decisions.

What are market prices?

The price at which the product or service is buyed or sold are called market prices.

What are economic decisions?

The decisions which are taken by an individual or an organization to have maximum output in the business in a positive way are known as economic decisions.

The three basic decisions in any economies are:

• What can we produce according to the market scenario?

• How can we produce?

• Who all will be our consumers?

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