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List and describe the major goals of a market economy in the diagram below.

List And Describe The Major Goals Of A Market Economy In The Diagram Below class=

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Answer:

A market economy functions under the laws of supply and demand.

It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention.

Competition drives the market economy as it optimizes efficiency and innovation.

Explanation:

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