0 an economic system in which goods and services are made, sold, and shared and prices set by the balance of supply and demand
1 an economic system in which goods and services are made, sold, and shared and prices set by the balance of supply and demand
2 an economic system in which companies manage their own business, profits, etc. and the supply and price of goods are decided according to how much demand there is for them, not by the government:
In a market economy, the price of those goods and services indicates the cost of achieving that standard of living.
Of course, the current mode is clearly still not a market economy.
Rather than providing insights, law and market economy ends up redescribing well understood problems or urging us on to a better world.
It is true that, in a market economy, individuals tend to act in ways that in fact are useful to others.
The main methodological difference is that law and market economy draws on semiotics, the study of signs.
How does the market economy affect the family?
Two transitions are necessary - to a market economy and a democratic polity - and each produces losers as well as winners.
In the absence of any evidence for a market economy, it may therefore be assumed that redistributive principles governed their dispersal.
