In a market economy, which of the following is most important if one is going to achieve high earnings?

Question

Quizplus · Accepted Answer

In a market economy, earning high profits or income is directly related to providing goods and/or services that are valued highly by others. Hard work is important, but it is not a guarantee for high earnings. Having a graduate degree in a field like history or sociology may help in some specific professions, but it is not a prerequisite for earning high income in a market economy. Similarly, membership in a labor union may provide some bargaining power for workers but does not necessarily lead to high earnings for all members.

In a Market Economy, Which of the Following Is Most