RECENT NEWS
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...
The Economic Times  Jul 28  Comment 
Economic parameters are also not showing signs of overheating.
Forbes  May 17  Comment 
People are auctioning cash to avoid paying interest rates and smuggling in gold to avoid paying a consumption tax.
Reuters  Mar 30  Comment 
The U.S. Commerce Department is launching a new review of whether China should be treated as a market economy country, a designation that would effectively limit the calculation of anti-dumping duties on China-made goods.
The Hindu Business Line  Jan 18  Comment 
Amid rising concerns about globalisation benefitting the world’s richest more, India’s wealthiest man Mukesh Ambani today favoured free market economy and said wealth creation should not be constrain...
Forbes  Dec 12  Comment 
China are demanding that they be recognized as a 'market economy' in line with their interpretation of the WTO accession agreement. Unfortunately this is not, technically, what the agreement says.




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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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