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What is a market economy
An economic system in which price are based on competition among private businesses and not controlled by a government
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What is Hong Kong
The worlds freest market for the last 18 years
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What is the second advantage of a market economy
The producer has to meet the customer's needs to survive
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What is another name for market economy
a free market
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What is capitalism
An economic system in which resources and means of productivity are privately owned and mainly determined by competition in a free market
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