market economy

An economy in which markets answer all allocation decisions and answers all three questions of allocation. There is no government. Markets do it all. This is a theoretical ideal or extreme that does not exist in the real world. As a theoretical ideal, though, it does provide a benchmark that can be used for comparison with real world economic systems

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创建者

  • zzcgood
  • (Wuhan, China)

  •  (Bronze) 128 分数
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