Question

could you explain a market economy

Answer 1

ok a market economy is where the people have a lot of say in there affairs America is a market economy

Answer 2

A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Answer 3

Market economy is based on the principles of supply and demand, and lets business survive or fail without much interaction from the government.

Answer 4

what do you mean alot of say

Answer 5

an economy in which most goods and services are produced and distributed through free markets

Answer 6

oh ok

Answer 7

an economic system in which prices are based on competition among private businesses and not controlled by a government

Answer 8

i mean like we are pluged ito out government

Answer 9

into

Answer 10

The theory behind a market economy is that the market will respond to changes in demand with changes in supply.

Answer 11

An example of a market economy is the United States. In a market economy the resources of a country are owned and controlled by the people of the country, rather than the government. It has little to no government involvement when determining prices.

Answer 12

so basically a market economy is about the people and what they want

Answer 13

LOL, well, if you want to sum it up with no fun then i guess thats what you would say lol jk

Answer 14

yea lol

Answer 15

i have some more questions can you guys/girls help?

Answer 16

umm.. sure but if u could then can you please put this under social studies :)

Answer 17

tag me

Answer 18

i mean is based on the people what will me make what the people want like iphones
who will buy it? who can afford it
who will make it? who is the best at it and meets our expectations

Answer 19

and yes i will help with more

Answer 20

Your too late gigi lol jk I like playing around sorry

Answer 21

i was just trying to give a better understanding

Answer 22

lol XD