What Is a Market Economy?

A. Coskun Samli

Chapter Chapter 1 in Dynamic Markets and Conventional Ignorance, 2014, pp 5-15 from Palgrave Macmillan

Abstract: Abstract In a society, all people are consumers. They have to have goods, clothing, shelter, and medicines, among other things. But consumers do not produce for their own consumption. Products and services are produced by some people and distributed by others that form what is called the market system in general. The market system distributes the goods and services produced to all consumers.

Keywords: Market Economy; Finance Economy; Market System; Dynamic Market; Real Estate Bubble (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37021-1_2

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DOI: 10.1057/9781137370211_2

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