[Answered] What sets prices in a market economy? What will be an ideal ...

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P68T

Hero Member
Posts: 509

on: Jul 10, 2018

What sets prices in a market economy?

What will be an ideal response?

Question 2

How do most adults make their living in a market economy?

What will be an ideal response?

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Zebsrer

Sr. Member
Posts: 284

Reply #1 on: Jul 10, 2018

Answer to Question 1

The impersonal forces of supply and demand set prices and therefore regulate the kinds of economic activity that occur.

Answer to Question 2

Most adults make their living by selling something on the market.

P68T

Member
Posts: 509

Reply 2 on: Jul 10, 2018

Gracias!

abro1885

Member
Posts: 337

Reply 3 on: Yesterday

Great answer, keep it coming

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