In an ideal competitive market economy

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In an ideal competitive market economy, resources are typically allocated according to ability to pay. This means that those who can afford to pay the most for goods and services are able to obtain them, while those who cannot are left without access. While the market may be able to meet some social and individual needs, it is not necessarily designed to do so and may leave certain segments of the population behind. Allocating resources based on needs is more commonly associated with social programs or other forms of government intervention.

In an Ideal Competitive Market Economy