Thailand

Market Economy

What is a Market economy?

Market economy is a production of goods and services is determined by the demand from the consumer

Benefits about our economy

  • Competition between different firms leads to increased efficiency, as firms do whatever is necessary.
  • All workers compete to maintain their jobs..
  • More ways to find sell items for cheaper
  • A great variety of consumer goods become available for those who have the money to buy them
  • New opportunities to obtain profits

Interesting Facts

  • Driven by supply and demand.
  • Producers sell goods for the highest prices possible
  • Members of the labor force work for the highest wages they can earn
  • Decisions are made by the free market.
  • Workers work to earn the higher amount of money

Refutation

  • Distorted investment priorities, as wealth gets directed into what will earn the largest profit and not into what most people really need


  • Worsening exploitation of workers, since the harder, faster, and longer people work just as the less they get paid the more profit is earned by their employer


  • Overproduction of goods, since workers as a class are never paid enough to buy back.

What is Market Economy?

Conclusion

Come join Thailand and our fabulous economy, you won't regret it. If you like competing and being the best this is the right place for you. You also have the chance to pick for how much you want to sell your product. All liberties that you can have you get here.