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Answer:
- Increase the country's innovation and production.
- free competition in the market.
- the force of demand and supply to prevail.
Step-by-step explanation:
MARKET ECONOMY can simply be defined as a kind of economy that is based on what is known as SUPPLY and DEMAND and the people involved in the economy that is the buyers and the sellers are the ones that can influence or determine the price of goods and services.
Please note that market economy is also known as free Enterprise. Some of the importance of market economy are;
=> Market economy promotes or favours more production or Increament in production.
=> There is an Increament in healthy competition and people in the market have different choices and there is absence of Bureaucracy
=> Is is based solely on the law of demand and supply.