Market Economy
By : Stephanie N, faisal ahmed, bora batamuriza, & Damian C
What's the Advantages ?
- High degree of individual freedom
- It adjusts gradually to change over time
- The relatively small degree of government interference
- Decision making is decentralized
What's the Disadvantages?
- Does not provide for everyone
- May not provide enough of some basic goods and services
- High degree of uncertainty
Characteristics
- A market economy is characterized by a great deal of freedom
- Market economies also features the private ownership of resources
- Most economic decisions are made by buyers and sellers, not the government
is a market economy a good place to live in?
yes because a market economy is basically characterized by a great deal of freedom. people are allowed to spend money on what they want.
What is Market Economy?