Typology of Market Economies

Ion-Bocãnete Oana ()
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Ion-Bocãnete Oana: Faculty of Economic Sciences “Ovidius” University of Constanta

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 537-539

Abstract: The market economy is an economic system characterized by the following: The objective pursued by the economic agents is the profit maximization. The goal of all the decisions and actions of the management staff is directly or indirectly aimed at having the company they work for obtaining the highest possible profit. The national economy is made up in predominant proportion by economic (nor administrative) agents, mainly undertakings. By economic agent we understand an organization that aims at profit making, using predominantly economic means, and whose survival and development is conditioned by profit marking. The most frequent economic agent in the market economy conditions is the enterprise or company.

Keywords: market economy; economic agents; profit; enterprise. (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Date: 2012
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