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A market-driven economy is one in which investment, production, and distribution choices are based on market demand and supply. Instead of a centralized government authority,
A market-driven economy is one in which investment, production, and distribution choices are based on market demand and supply. Instead of a centralized government authority, market competition determines prices. Examples of market-driven economies include the United States, the United Kingdom, and Germany. In these nations, firms respond to customer needs, and competition has a substantial impact on the economy
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