Which statement describes an advantage and disadvantage of a market economy?
O A market economy encourages innovation but high taxes make it difficult for consumers.
O A market economy provides government support for all citizens, but leaves people with little
motivation to work.
A market economy creates a sense of community, but does little to encourage innovation.
O A market economy encourages business opportunities but does little to address income
inequality.

The describes an advantage and disadvantage of a market economy a market economy encourages business opportunities but does little to address income inequality. Thus, option (d) is correct.

What is market?

The term market refers to the process of buying and selling the product with the exchange of money. The market is dynamical change with the demand and supply. The market is the depend on buying and selling process in the area or region being considered. The market are different types such as illegal markets, financial markets, and auction markets.

In a market economy, commonly referred to as a “free market economy,” goods are purchased and sold and prices are set by the free market with the least amount of outside government intervention possible. The capitalist system is built on a market economy.

Therefore, option (d) is correct.

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