Please release the caps lock key — typing in all caps is not good online manners.
Yes, the statement you provided aligns with the concept of a market economy. In a market economy, individuals and businesses determine what goods and services to produce based on consumer demand and their own preferences. This is known as consumer sovereignty. Additionally, in a market economy, decisions on how to produce goods and services are made by individuals or firms based on their own cost-benefit analysis and competition in the market. Lastly, the distribution of goods and services in a market economy is primarily determined by the interactions of supply and demand, where prices are set through voluntary transactions between buyers and sellers.
