Business, 22.02.2020 06:16 bree480

In a market economy:

workers are directed by government planning boards to produce what is in societies best interest.
businesses design their plans to maximize their profit and the market is relied upon to see that individual self-interest is consistent with society's interest.
government sets prices to make necessities affordable because it is in society's best interest to make necessities affordable.
government owns the means of production so that it can produce what is in society's best interest.

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In a market economy:

workers are directed by government planning boards to produce what...

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