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Social StudiesSocial Studies
6 March, 13:42

A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

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  1. 6 March, 13:46
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    Yes, this is true!

    Market economy is what distinguishes the capitalist systems and the "opposite" is command economy - an economy which is centrally planned, that is, where the government decides what will be produced and how it will be distributed.
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