Question

Question 2
Describe how your responses to the above questions would be different if you were farming in a market-based economy

Answer 1

In the market economy, the decisions in the farm will be guided by the prices.

What is a market economy?

It should be noted that a market economy is when the forces of demand and supply determine the market.

In this case, in the market economy, the decisions in the farm will be guided by the price. The individuals also have a vital role to play.

Learn more about market economy on:

brainly.com/question/1659498

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