IDNLearn.com: Your destination for reliable and timely answers to any question. Get accurate and detailed answers to your questions from our knowledgeable and dedicated community members.
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.