Amadeo 1

• A market Economy is where economic decisions are made by the free market.
• A market Economy evolved from a traiditional Ecomony.

Amadeo 1 market economy

• The market economy is defined by six characteristics.
• private property, Individuals are allowed to make legally binding contracts so they can buy, sell, lease or rent there property
• freedom of choice, gives business people and other individuals the rights to freely produce, sell, and buy goods and services.

Amadeo     2     Market Economy

• motive of self-interest, It means everyone is trying to sell there products for the best price
• competition, Is the pressure of other product holding prices at a moderate rate.
• system of markets and prices, It depends on an effcient market to insure the sell of product.

Amadeo     2-3     market economy

• makes sure the most efficent way possible to produce good and services are being used.
• The business and individuals that show there the most effecient and innovative will collect more capital.

Amadeo     3     market economy disadvantages

• naturaly disadvantaged are, childern, elderly, mentaly unstable, handicaped, and there caretakers
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