top of page

Market Economy

    My econommy is a market government. How the production, cunsumption, and distribution of goods is by the people of my society are able to buy what ever they want at any  amounts they want. There is also a great variety of goods and services. there is also little government invention. All resources are owned by indivicuals. The individual freedom is considered very important, they have freedom to make other economic decisions. Some of the pros of my economy ststem is that the people of this society are open to a great variety of goods, they are also able to buy whatever they want in any amount that they want. Lastley, competition brings down the prices of goods. Some cons of this is that there is occasionly maket failures. people can make poor decisions that are harmful to them and others. It does not always provide basic needs wich can lead people into poverty. it is also difficult for the governmrnt to make adequate social services.

 

© 2023 by NOMAD ON THE ROAD. Proudly created with Wix.com

  • b-facebook
  • Twitter Round
  • Instagram Black Round
bottom of page