MARKET SYSTEM

Market System



Market System

Q: Why do some people believe that the market system is the best mechanism for allocating scarce resources and thereby encouraging a positive 'investment climate'?

Due to market system and price mechanism that is forces of supply and demand there may be several factors to consider when determining why individuals prefer this particular market system as appose to other methods of allocating and distributing resources in the economy. It is to ones belief that economy under review may be classed as the market economy if there is price determination through market forces as well as possibility ...