Market Economy

Shyheem Amon Lewis

The countries that use market economy:

United States, United Kingdom, Canada

Facts about market economy:

* Driven by supply and demand.

* Producers sell goods for the highest prices possible.

* Members of the labor force work for the highest wages.

*Goods and services are allocated are made primarily by markets.

*Competion is a cornerstone of a market economy.

*Competion ensures that supply increases

*Innovation is rewarded by increased efficiency and market share.

*Market Economy rewards completion.

*The freedom of choice that exists in a market economy

*It can treat unfairly to those who are at a natural competitive disadvantage.