What is the goal of all economic decisions in a market economy? profit minimization benefit maximization free enterprise democracy

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26-03-2015
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What is the goal of all economic decisions in a market economy? profit minimization benefit maximization free enterprise democracy

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HistoryGuy HistoryGuy · Answer 1 · 2015-03-26T21:25:37+01:00

HistoryGuy HistoryGuy

26-03-2015

The goal of all economic decisions in a market economy is to maximize profits. This drives up competition and subsequently innovation and efficiency in the marketplace.

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