A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price ...
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What is the market in simple words?
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange.
A market economy is economy in which the prices of the products and services are chosen in a free price system that is decided by supply and demand.
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and ...