Economic system Advertisment

By : edouwaye omere

What are the benifits of a market economy system and why should people want it?

The market econmy gives producers and incentive to produce goods that consumers want . Also it provides an incentive to acquire useful skill , but it gives a high degree or economic freedom . you can be able to buy what you want , but dont forget you must pay for it . Since no one is kept from trying to get rich and everyone is paid for what they do , people acquire a sense that each person gets what they deserve economicaly , but rich and poor are responsible for their fates .


Some people would say the free market economy creates a huge gap between rich and poor . But , in fact , it is the free will and work ethnic of the people that creates wealth .


Profit, not necessity, is the mother of invention !