The forces that make market economies work are

Question

Quizplus · Accepted Answer

Market economies are based on the principles of supply and demand. Producers supply goods and services, and consumers demand them. Prices are set by the market based on the balance between supply and demand. This creates competition among producers, as they try to offer the best goods and services at the best price in order to attract consumers. This competition drives innovation and efficiency, ultimately benefiting the economy as a whole. Work and leisure, politics and religion, and taxes and government spending may all have an impact on market economies, but they are not the fundamental forces that make them work.

The Forces That Make Market Economies Work Are