a market economy is an economy where: the government makes decisions on what is produced, how it is…

a market economy is an economy where: the government makes decisions on what is produced, how it is produced, by whom it is produced, and how much is allotted to each person. each individual makes their production and consumption decisions and buys and sells in markets. centralized decisions are the norm. one individual makes decisions for the entire market.

a market economy is an economy where: the government makes decisions on what is produced, how it is produced, by whom it is produced, and how much is allotted to each person. each individual makes their production and consumption decisions and buys and sells in markets. centralized decisions are the norm. one individual makes decisions for the entire market.

Answer

Answer:

each individual makes their production and consumption decisions and buys and sells in markets.

Brief Explanations:

In a market - economy, individuals and firms make decisions based on supply and demand in markets, rather than government - or single - entity control.