In a market economy, income is primarily determined by

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In a market economy, income is primarily determined by the productivity of household resources. This includes skills, education, and experience, which enable individuals to earn higher wages and salaries in the labor market. The demand for these resources also plays a role in determining income, as those in high demand can command higher prices. Other factors such as government policy and distribution of resources may have some impact on income, but productivity remains the primary determinant in a market economy.

In a Market Economy, Income Is Primarily Determined by