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Difference between revisions of "Market economy"

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A '''market economy''' is an [[economic system]] in which all decisions concerning the production and distribution of [[goods (economics)|goods]] and [[services (economics)|services]] other than those concerning [[public goods]]  are the result of transactions among private sector buyers and sellers.

Latest revision as of 23:44, 14 September 2020

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A market economy is an economic system in which all decisions concerning the production and distribution of goods and services other than those concerning public goods are the result of transactions among private sector buyers and sellers.