Wednesday, February 13, 2013

"Markets"

I think that a market economy is a great thing for a country to take advantage of. By using a market economy, individuals in the community are the ones who are making most of the major economic decisions. Everything is based on what they choose to consume and the things that they decide to spend their money on. If people are spending a lot of money on a certain type of jacket, then companies will start producing more of these jackets and will work to make them nicer and better priced. A problem with a market economy is that not everyone's need in the society do not get provided for (such as very young and very old people who may need help or assistance from the government). In general, I think this system is a good and successful way to control the economy and let society decide how they want to make decisions about products and services.

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