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What is a market economy?

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تم إضافة السؤال من قبل Vinod Jetley , Assistant General Manager , State Bank of India
تاريخ النشر: 2015/01/16
Vinod Jetley
من قبل Vinod Jetley , Assistant General Manager , State Bank of India

free market system in which decisions regarding resource allocation, production, and consumption, and price levels and competition, are made by the collective actions of individuals or organizations seeking their own advantage.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Is life

Economy belted market

Greetings to colleagues

 

Great answers

Umer Saeed
من قبل Umer Saeed , Security Consultation and Vulnerability Assessment , Entrepreneur

The financial ground or the environment where the impact of exchange and business activities, rise and fall will be initially felt.

LABIB KOOLI
من قبل LABIB KOOLI , Director of the Sectoral Center for Training in Hotel Technologies at Southern Hammamet , Tunisian Vocational Training Agency (ATFP)

The market economy describes a system in which the exchange of goods and services are governed by the law of supply and demand that determines market prices. Private enterprise, private property and profit are considered positively there. In this context, one can then act according to its interests.

The market economy is seen by its supporters as promoting economic growth by providing a more effective response to the needs of economic agents. In the current market economies, some areas of general interest, education, health, are regularly paid by the State.

 

 

RAJ DAHIYA
من قبل RAJ DAHIYA , Project Manager - Energy Optimization , Siemens

It is an economy where decisions related to investment, production and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Sidvin Shetty
من قبل Sidvin Shetty , Trade Marketing Executive , Al Khayyat Investments

A market economy is an situation of economic practice where decisions regarding Manufacturing, distribution, production, Investment etc are totally based on the demand & supply ratio  & prices are determined for the goods & services based on the free price system.

(No one organisation or Cartel can set the prices but is totally dependent on demand for the products or services & supply available & that pressure freely adopts the momentum of prices to fall or go high)  :-)

BASKAR SUNDARAM
من قبل BASKAR SUNDARAM , Manager - Accounts & Finance , at the 3 Decades Experienced & the largest Industrial Contracting Company in Middle East.

A market economy is an economy based on the power of division of labor in which decisions regarding investmentproduction and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.  

 

The major defining characteristic of a market economy is that investment decisions and the allocation of producer goods are mainly made by negotiation through markets.

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