Question

What type of economy does each statement describe?. . Select C for Command economy .. . Select M for Market economy .. . Select T for Traditional economy .. . 1.Change is slow.. . 2.Consumer demand influences business decisions.. . 3.Economic growth is not a top priority.. . 4.Most business decisions are made by the government.. . 5.People choose their jobs.. . 6.Resources are government-owned.. . 7.Salaries are negotiated between employees and employers.. . 8..The government decides which jobs people have.

Answer 1

To answer your question directly i just have to give the meaning of market economy:

A market economy (or free-market economy) is an economy in which decisions regarding investment, production and distribution are based on supply and demand[1] and the prices of goods and services are determined in a free price system.

I hope you understand my answer and satisfied with it