To function smoothly and properly,a market economy requires ________.

Name: To function smoothly and properly,a market economy requires ________.
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Question

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Price flexibility is essential in a market economy because it allows for supply and demand to determine the prices of goods and services, which in turn guides producers and consumers in making decisions about production and consumption. Government partnership, monopoly, and nationalization can all hinder the free market functions of a market economy.

To Function Smoothly and Properly,a Market Economy Requires ________