Market Economy

May 8th, 2015
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A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand,[1] and prices of goods and services are determined in a free price system.[2] The major defining characteristic of a market economy is that decisions on investment and the allocation of producer goods are mainly made through markets.[3] This is contrasted with a planned

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Market EconomyA market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand,[1] and prices of goods and services are determined in a free price system.[2] The major defining characteristic of a market economy is that decisions

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