Market+Economy


 * MARKET ECONOMY**

A Market Economy answers the three economic questions by: 1. The buying and selling of goods and services in the marketplace 2. Produced in supermarkets, the Internet, a business office, or a flea market 3. Food and services, selling of technology, and anything else you can sell online, in a marketplace, or services you can provide.

Countries that use a Market Economy: China, Western Europe, Western Germany, and the United States

Pros and Cons of a Market Economy: Pros: Cons:
 * Options of what to sell, buy, and provide based on personal preferences
 * Rarely engage in government laws such as price fixing, license quotas and industry subsidizations

OTHER FACTS:
 * The government is not really involved in a market economy
 * Consumers and businesses make decisons based on their own personal interest