Capitalism
A Market economy
Information you should know....
Adavantages
Efficient to peoples needs. When the product rises so does the price in the market. Leads to economic growth.If the demand for this market goes up then the company can hire the price of the product and there for the employees in that company will get more pay for completing the product.The government doesn't have a say on rather or not these prices can be raised or lowered just be the self-interest has changed.
Distadvantages
When there's no business people will start to loose there job, and people will suffer from lost of income. The pay isn't as good as compared to a baseball player who just swings a bat and plays a game for fun. Also this is a disadvantage because if the demand for the product goes down so does the value its worth and the pay of the company making that product.
Examples..
-An example of a market economy is the United States, Canada,UK,Germany, and the Netherlands.