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10 June, 23:35

Which factor plays the largest role in economic decisions in a market economy?

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  1. 11 June, 01:55
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    Business strategies play the largest role in economic decisions in a market economy.

    Explanation:

    A market economy is an economic system in which most goods are made by producers for consumption by others and distributed through a system of trade. In a market economy where unadulterated competition prevails, the price of a product is determined by supply and demand.

    This form of economy can arise from strong specialization and division of labor, which generate such a surplus that distribution of this surplus becomes necessary. In contrast to a subsistence economy, people are only very self-sufficient here.
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