In a market economy, brings more, higher-quality products and lower
for consumers.
In a market economy, the incentive of the producer is to make a
The potential for
profit and limited government intervention are what make
thrive in a market-
based economy
Legally protected
ensure that people have collateral, enabling them to take out
loans.

Competition

Prices

Profit

Entrepreneurs

Property Rights

Explanation:

Competition drives more firms to produce a product, so they are forced to make higher-quality products and sell them for lower prices to compete in the market.

While producers may have additional motives, profit is the underlying motive of for-profit companies in a market economy. Entrepreneurs start businesses, so they are the ones who thrive when the potential for profit exists.

Property rights enable people to own property. Legal ownership lets people use their property as collateral, making loans easier to obtain.

EDMENTUM

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