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Author Question: What sets prices in a market economy? What will be an ideal ... (Read 57 times)

P68T

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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

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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

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

chereeb

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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