Market economy

6341
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

Julie Powell

6-May-10, 10:43 am
629 Views

Gina Gershon

26-Apr-10, 1:23 pm
294 Views

Chen Long Badmi..

17-Jun-15, 5:53 pm
10 Views

Code Geass

12-Mar-10, 12:12 pm
1302 Views

Pulley

30-Apr-10, 2:50 pm
1105 Views

Lukisan Diri Da..

13-Oct-06, 12:00 am
950 Views

Robert Redford

30-Apr-10, 12:20 pm
626 Views

Bus (computing)

31-Jul-10, 5:01 pm
256 Views

Erect crested P..

2-May-11, 2:19 pm
100 Views

Cinderella Waxb..

4-Apr-11, 9:13 pm
261 Views
Top