Most market economie such as the u. s and the u. k allow governemtn policies and action aimed at promoting economic growth and stavilityTrue/False

Question

Leonel Melendez

Business

9 August, 16:12

Most market economie such as the u. s and the u. k allow governemtn policies and action aimed at promoting economic growth and stavilityTrue/False

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Answers (1)

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Stacy Wolf · Answer 1

True

Explanation:

Market economy also known as free market economy is an economic system where the means of production and distribution of goods and services are owned and controlled by individuals and organizations. in this system resources are allocated by the interaction between the forces of demand and supply, i. e. the price system.

Government role in this economy is to set the rule of the game in the market and provide enabling business environment for the businesses.