RECENT NEWS
Forbes  Dec 4  Comment 
U.S. rejection of China's bid for market economy status looks poised to worsen U.S.-China trade relations if China is supported within the WTO.
Channel News Asia  Dec 1  Comment 
The Trump administration has confirmed it rejects China's bid to be considered a market economy in the World Trade Organization, making it subject to more onerous trade penalties.
Wall Street Journal  Nov 30  Comment 
The Trump administration formally rejected China’s demand that it be treated as a “market economy” under global trading rules, a move likely to heighten tensions between the world’s two largest economies.
Financial Times  Nov 30  Comment 
Trump administration’s filing increases trade pressure on Beijing
Financial Times  Nov 29  Comment 
US president’s swipe marks new low in his relationship with one of country’s most important allies
MedPage Today  Nov 7  Comment 
(MedPage Today) -- The market economy fails when applied to healthcare
Financial Times  Sep 29  Comment 
Business secretary admits Tories have failed to make case for market economy
BBC News  Sep 27  Comment 
The prime minister also restates her determination to be tough on public spending.
guardian.co.uk  Aug 16  Comment 
‘I think it’s dead but I don’t think everyone has quite worked that out yet,’ Ed Balls, the former UK chancellor, says. He joins former Australian treasurer Wayne Swan to talk about the future of the global economy: if neoliberal ideals...




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Market economy refers to a system where the prices of goods and services are set by supply and demand. The value of information, goods, and services is determined through free trade. In 2008, free trade is often regulated by governments, resulting in a mixed economy rather than a pure free market system. In this type of economic system the government is the facilitator only.

A market economy is the opposite of a command or centrally planned economy. In a command system, the government determines what goods are sold, how much of them, and what they will cost. This single actor is replaced by many in a market system, where the price of a good is determined by both the supply and demand for it.

It's a market.

Free Market vs. Capitalism

A market economy is not synonymous with capitalism; free markets can exist in communist systems and other systems that do not have capitalism's defining characteristics. In capitalism, labor and economy are important to the whole part of the free market system.

Positives

-people work harder -a great variety of consumers goods become avalable -freedome to buy or reject products -price baced on what the population can afford

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