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What Is a Market Economy? - The Balance
WebDec 1, 2022 · A market economy is an economic system in which individuals, rather than the state, own most of the resources. This includes land, labor, and capital. In a market economy, individuals …
WebA market economy is a system where the production of goods and services is based on the law of supply and demand, not government control. Learn the advantages and disadvantages of a market economy, and how it …
WebA market economy is one where prices and decisions are based on supply and demand, not by the government. Learn about its origins, forms, externalities, globalization, and how it differs from other systems.
Market economy - Oxford Reference
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