Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

Definition of Market Economy

VIEWS: 141 PAGES: 1

									DEFINITION OF MARKET ECONOMY

Market Economy -- The national economy of a country that relies on market forces to
determine levels of production, consumption, investment, and savings without
government intervention.


Market Economy -- An economic system where resources are allocated and
production of goods determined by market forces rather than by government decree

Market Economy - an economy that relies chiefly on market forces to allocate goods
and resources and to determine prices

								
To top