Market economy

6339
0

A market economy is economy based on the power of division of labor in which the prices of goods and services are determined in a free price system set by supply and demand.This is often contrasted with a planned economy, in which a central government determines the price of goods and services using a fixed price system. Market economies are also contrasted with mixed economy where the price system is not entirely free but under some government control or heavily regulated, which is sometimes combined with state-led economic planning that is not extensive enough to constitute a planned economy.

by servex



3-Aug-10, 8:34 am

Please leave a comment on Market economy

user

Brazilian Tinam..

14-Jun-11, 6:52 pm
156 Views

Vodka

9-Mar-10, 2:05 pm
622 Views

Gonzo journalis..

29-May-10, 2:46 pm
1125 Views

Robert_Cailliau

30-Aug-10, 1:18 pm
310 Views

Quality of life..

31-Jul-10, 6:09 pm
918 Views

The New York Ti..

24-Mar-10, 3:39 pm
236 Views

Cube_root

6-Jul-10, 11:51 am
264 Views

Bracket

13-May-10, 5:41 am
214 Views

Angela Merkel

10-Jan-13, 3:29 pm
63 Views

Chris Raab

28-Jun-10, 2:00 pm
772 Views
Top