What is a market economy? Responses a system in which people earn wages and buy the goods and services they choose a system in which people earn wages and buy the goods and services they choose an economic system that is a combination of both command and market economies an economic system that is a combination of both command and market economies a market that relies on the trading of goods and services without the use of money a market that relies on the trading of goods and services without the use of money an economic system in which the government or another central administration regulates supply and prices