Market economy

6329
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

Top Movies 2015..

28-Dec-15, 5:26 pm
7 Views

Bakugan

18-Jun-10, 6:22 am
459 Views

Quotient rule

3-May-10, 9:25 am
423 Views

Helen Meles

28-Apr-12, 12:01 am
539 Views

Leoni Jansen

16-Mar-12, 12:01 am
91 Views

Kevin Mitnick

18-Jun-10, 10:50 am
835 Views

Jaganmohan Redd..

29-Mar-13, 10:38 am
101 Views

Vina Morales

3-Apr-12, 12:00 am
242 Views

The Revenge Soc..

3-Aug-10, 9:05 am
416 Views

Rajesh Khanna

30-May-10, 4:47 am
1971 Views
Top