In a market economy, you would generally expect the standards of living to be the highest. This is because market economies are characterized by competition, entrepreneurship, and open trade, which tend to drive innovation, technological advancements, and economic growth.
In a market economy, you would expect the standards of living to be the highest. This is because a market economy is driven by supply and demand, and allows for competition and innovation. Individuals and businesses have the freedom to make choices and pursue opportunities for economic growth, which can result in overall higher standards of living.
