Question

What are some of the benefits of a market economy

Answer 1

Answer:

Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money.

Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.

Answer 2

Answer:

More money

Explanation:

Benefits associated with market economies is you have little to no government control over you. You regulate prices, settle on product quality, take action on supply/demand. meaning you can make more money. Competition and no government control is responsible for generating these benefits.

Hope this helped