A market economy

Дата поступления: 11 Апреля 2014 в 16:56
Автор работы: l********@mail.ru
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A market economy 2 короткий.docx

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A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand,[1] and prices of goods and services are determined in a free price system.[2] The major defining characteristic of a market economy is that decisions on investment and the allocation of producer goods are mainly made through markets.[3] This is contrasted with a planned economy, where investment and production decisions are embodied in a plan of production.
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