15.3k views
5 votes
What is a market economy?

User Raya
by
7.0k points

1 Answer

2 votes

Answer:

Hi! A market economy is controlled by the people, so prices fluctuate depending on supply and demand, you can become wealthy by taking advantage of the sales system, business owners are motivated by profit, market economies produce a higher standard of living.

Step-by-step explanation:

hope this helps

User Rzymek
by
6.7k points