Market Economy

By: Alvaro Navarro

Explaination

Definition

Market Economy is an economic system that economic decisions and the pricing of things and services are guided by the aggregated interactions of a citizens and businesses.

Why Is Market Economy Important?

Market Economy is very important because we live in very Competitive Society. Marketing allows any company to know what the customers want and how they want it. It is also very important because it allows the company to change structure to be way more efficient.


Citations

"The Role of Price Mechanism in a Free Market Economy or Capitalism."YourArticleLibrarycom The Next Generation Library. Me, May-June 2015. Web. 03 June 2015.



Navarro, Alvaro. "The Inventor of Market Economy - Adam Smith I IT'S HISTORY - TurboPK.Net - Watch Videos in HD." The Inventor of Market Economy - Adam Smith I IT'S HISTORY - TurboPK.Net - Watch Videos in HD. Me, May-June 2015. Web. 03 June 2015.



Navarro, Alvaro. "Market Economy Definition | Investopedia."Investopedia. Me, 05 July 2005. Web. 03 June 2015.