One advantage market economies have over centrally-planned economies is that market economies

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Market economies are more efficient as price signals determine the allocation of resources, leading to better utilization of resources and increased productivity. In centrally-planned economies, government officials determine the allocation of resources, which can lead to inefficient use of resources and a lack of incentives for innovation and productivity. Market economies do not guarantee an equal distribution of goods and services, and while government does play a role in market economies, it is typically limited to providing necessary regulations to ensure fair competition and protecting consumer rights. Market economies do not solve the problem of scarcity, but they do provide a framework for addressing it through efficient allocation of resources.

One Advantage Market Economies Have Over Centrally-Planned Economies Is That