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A ‘Market Economy’ is one which
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- is controlled by the Government
- is free from the Government control
- in influenced by international market forces
- All of these
- is controlled by the Government
Correct Option: B
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country’s individual citizens and businesses. There is little government intervention or central planning. The United States is the world’s premier market economy.
