Search results
We did not find results for: market economy definition history definition.
Check spelling or type a new query.
We did not find results for: market economy definition history definition.
Check spelling or type a new query.
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Wikipedia