The Market Economy Worksheet

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An economy where most decisions of how, what and for whom to produce are made by individual firms, consumers and governments interacting in markets. An economy where producers are free to decide what to produce,.

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What are producers and consumers? This lesson teaches the basics about the market economy, including the relationships between consumers and producers, supply and demand, and profit and incentive. In this economy, production and prices are determined in markets. An economy where most decisions of how, what and for whom to produce are made by individual firms, consumers and governments interacting in markets.

Describe The Characteristics Of A Market Economy, Including The Principle And Protection Of Private Property Rights.

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