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

Question

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In a market economy, the most important factor for achieving high earnings is providing goods and/or services that others value highly. This means finding a demand for a particular set of skills or products and then supplying them at a price that people are willing to pay. While hard physical work and performing important social functions like teaching may be important, they may not necessarily lead to high earnings in a market economy. Being in a labor union can help negotiate higher wages and benefits, but it is not a guarantee of high earnings.

In a Market Economy, Which of the Following Is Most