Forums Economics Assignment Help What is the market economy

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    Tyler
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    What is the market economy?

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    juwanine
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    Answer: Individual decision making allocate the resources in the market economy. People can own their own businesses and property in the free market country. Producers are encouraged to switch from more scarce to less scarce resources with high prices. They encourage consumers to switch from products and services that require more scarce resources to products and services that require fewer scarce resources. People can also buy services for private use, such as healthcare.

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