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Which of the following is the definition of market economy? *
1. control is mostly in the hands of the trader
2. the exchange of goods and services between nations across international borders.
3. an economic system in which prices are determined by the free exchange of goods and services with minimum government interference.
4. a system of government controlled trade
I think the best answer for the explanation is 2. the exchange of goods and services between nations across international borders.
Explanation:
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses.
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