In a market economy:

Name: In a market economy:
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In a market economy, people are rewarded according to their ability to produce goods or services that others are willing to pay for. This means that those who produce goods or services that have a high demand are rewarded with higher incomes, while those who produce goods or services that have a low demand may receive lower incomes. The market, rather than the government, determines the value of goods and services and the rewards for producing them.

In a Market Economy