Ask Question
9 July, 00:37

Which factor plays the largest role in economic decisions in a market economy?

+1
Answers (1)
  1. 9 July, 00:41
    0
    Business strategies play the largest role in economic decisions in a market economy.

    Explanation:

    A market economy is an economic system in which most goods are made by producers for consumption by others and distributed through a system of trade. In a market economy where unadulterated competition prevails, the price of a product is determined by supply and demand.

    This form of economy can arise from strong specialization and division of labor, which generate such a surplus that distribution of this surplus becomes necessary. In contrast to a subsistence economy, people are only very self-sufficient here.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which factor plays the largest role in economic decisions in a market economy? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers