I can't believe it! I finally saved up enough money to open my own café. I hope my prices aren't set too high and that people want to buy my gourmet cookies & cupcakes.
Me too. Since we live in a market economy let's hope another café doesn't open up in the neighborhood with lower prices.
How Goods are Produced & Distributed in a market economy? Goods and services are produced & distributed according to how much consumers desire the item & are willing to pay - Supply & Demand!
Hey Annie, can you believe all 3 of these stores carry the latest shoe. It has been sold out everywhere! I wonder how much they cost!
Sid's Shoes
Shoe World
I better buy them before they run out and the price goes up because of more people demanding them.
Wow! I don't care how much they cost. I will buy them. I have been wanting them for a year.
Shoe Store
Pro of a Market Economy - ChoiceMarket Economies create competition which in turn creates choice.
Wow! So many choices, I can't decide!!
They are really keeping up with the competition. Last week they didn't have nearly the choices that they have today. Did they lower their prices?