The market price of apples is currently rising. in a free-market economy, which is the most likely explanation of this price change is that?

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22-06-2017
Business

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The market price of apples is currently rising. in a free-market economy, which is the most likely explanation of this price change is that?

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Erudite1 Erudite1 · Answer 1 · 2017-07-01T20:02:01+02:00

Erudite1 Erudite1

01-07-2017

A free market economy is one in which economic decisions and price of goods and services are guided solely by the aggregate interactions of a country's individual citizen and businesses, with little intervention from the government. If the market price of apple increases in such an economy, it means that there is a shortage in the market for apples.

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