What are the features of a market economy?

A market economy, also known as a free enterprise system or capitalism, is an economic system wherein goods and services are exchanged freely on an open market. A market system characterizes the economy of the United States and most parts of the world as of 2010. read more

A market economy, also known as a free enterprise system or capitalism, is an economic system wherein goods and services are exchanged freely on an open market. A market system characterizes the economy of the United States and most parts of the world. read more

A market economy is when the laws of supply and demand control the production of goods and services. There are 4 pros and 4 cons. read more

A market economy is an economy where most resources are owned and controlled by individuals, and are allocated through voluntary market transactions governed by the interaction of supply and demand. People exchange resources, such as money, for other resources, such as goods or services, on a voluntary basis in the market. read more