Abstract
In a society, all people are consumers. They have to have goods, clothing, shelter, and medicines, among other things. But consumers do not produce for their own consumption. Products and services are produced by some people and distributed by others that form what is called the market system in general. The market system distributes the goods and services produced to all consumers.
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© 2014 A. Coskun Samli
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Samli, A.C. (2014). What Is a Market Economy?. In: Dynamic Markets and Conventional Ignorance. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137370211_2
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DOI: https://doi.org/10.1057/9781137370211_2
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-47617-6
Online ISBN: 978-1-137-37021-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)