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Mathematics, 09.04.2021 21:40 wbaker
What distinguishes a market economy from a free-enterprise economy?
A market economy is based on set prices that businesses use to produce goods that consumers need.
A free-enterprise economy allows the government to freely regulate the quantity of items produced as supply decreases in a market economy.
A market economy is based on supply and demand, and a free-enterprise economy is based on relying on demand to produce products to make money.
In a market economy, the supply and demand of goods is determined by consumers who are free to set their own prices in a free enterprise
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What distinguishes a market economy from a free-enterprise economy?
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