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CBSE Class 12-commerce Answered

What is market economy?

Asked by Topperlearning User | 21 Apr, 2016, 12:12: PM
Expert Answer

Market economy is a free economy. It means that producers are free to decide what, how and for whom to produce. Their decision is based on the demand and supply forces in the market.

Answered by | 21 Apr, 2016, 02:12: PM
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