What are some characteristics of a market economy?

A market economy may produce private jets for some while others starve and are homeless. A society based on a pure market economy must decide whether it's in its larger self-interest to care for the vulnerable. If it decides it is, the society will grant the government a significant role in redistributing resources. As such, there are so many mixed economies. Most so-called market economies are mixed economies. read more

A market economy is when the laws of supply and demand control the production of goods and services. Here are ... Market Economy, Its Characteristics, Pros, Cons with Examples. How the ... That's why a market economy may produce private jets for some while others starve and are homeless. read more

Characteristics of a Market Economy By Cindy Grigg 1 A market economy is a type of economic system where supply and demand regulate the economy, rather than government intervention. read more

Since a mixed economy includes a mix of both private and government control, it reflects characteristics of both capitalism and socialism. The balance between the two ideals can vary greatly between countries, sometimes leading to a lack of consensus on whether the economy is capitalist, socialist or mixed. read more