Shyheem Amon Lewis
The countries that use market economy:
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.