Answer:
The two fundamental aspects of market economies are private ownership of the means of production and voluntary exchanges between economic actors.
Step-by-step explanation:
Market economies are closely associated with capitalism. Individuals and businesses own the resources and are free to exchange and contract with each other without permission from government authorities. The collective term for these uncoordinated exchanges is the "market."
OR
In a command economy, macroeconomic and political considerations determine resource allocation, whereas, in a market economy, the profits and losses of individuals and firms determine resource allocation. Command economies are concerned with providing basic necessities and opportunities to all members.