Market Economy

More like this

The Business Environment

by Khotso Mosia

FINANCIAL THEORY

by Darina Hurtado

Silk Roads

by Michaela Enfinger

COLD WAR

by Sean Embury

Market Economy

perfectcompetition

the price of goods on the market is the same

monopoly

impact on market value

competition

provider

product product

services

product

agent

partner

representative

middleman

acting force

supplier

monopsony

only one buyer

allows the buyer to influence the price

availability of goods on the market

market structure

Free market

price

profits

essential characteristic of capitalism

The notion of a "free market" where all economic decisions regarding transfers of money, goods, and services take place on a voluntary basis, free of coercive influence

The ideal free market system does not require coercion