211k views
4 votes
Characteristics of a market economy include _____.

government-owned service industries
pensions provided by the government
prices determined by user demand
production driven by consumer demand
subsidized consumer
goods workers choosing jobs

User Jiaojg
by
7.5k points

2 Answers

5 votes

Answer:

- prices determined by user demand

- production determined by consumer demand

- goods workers choosing jobs

Step-by-step explanation:

User Akshay Rathod
by
6.8k points
4 votes

Answer:

- prices determined by user demand

- production determined by consumer demand

- goods workers choosing jobs

Step-by-step explanation:

The market economy is an economy type where the market is on open field for production, selling, and competition, with the government having no say and participation in it (except fro the legal issues of course). This kind of economy drives the companies to produce the best products and to sell them by the cheapest prices in order to be able to be more competitive on the market. The consumers have great benefit of this, as they get good quality for low prices, while inj meantime also being the ''judge'' on terrain that determines which products will be produced and in how big of an amount. The workers too have much more opportunities, being able to switch jobs or to move up in the hierarchy of the companies, thus having a career that is in accordance to their capabilities and potential.

User Benoit Marilleau
by
6.5k points