Economic Analysis of the Market Economy System

Guoqiang Tian and Xudong Chen ()
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Xudong Chen: Shanghai University of Finance and Economics

Chapter Chapter 9 in China’s Reform: History, Logic, and Future, 2022, pp 97-115 from Springer

Abstract: Abstract The modern market economy is a complicated and elaborate system that has emerged and been constantly improved over the long-term evolution of human society. Most countries have adopted it. The market mechanism plays a basic and decisive role in resource allocation, and constitutes the fundamental element of its optimal functioning.

Date: 2022
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DOI: 10.1007/978-981-19-5470-2_9

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