A market economy is an economic system based on the division of labor in which the prices of goods and services are determined in a free price system set by supply and demand. Please let us know if that doesn't answer your question.
that's right, but you cannot rely merely on small to medium businesses to achieve efficiency. the nation needs large manufacturing base along huge investment in obsolete transportation and communication infrastructure. this all should be operated by highly EDUCATED people and led by a clear vision of a good leadership. democracy is a big BS ( with capital letters) if basic economic development is not seen.
A market economy is an economic system based on the division of labor in which the prices of goods and services are determined in a free price system set by supply and demand. Please let us know if that doesn't answer your question.
medadotorg 2 years ago
that's right, but you cannot rely merely on small to medium businesses to achieve efficiency. the nation needs large manufacturing base along huge investment in obsolete transportation and communication infrastructure. this all should be operated by highly EDUCATED people and led by a clear vision of a good leadership. democracy is a big BS ( with capital letters) if basic economic development is not seen.
nazirdjon 2 years ago