WHAT IS MARKET ECONOMY

Abstract

This article delves into the intricacies of a market economy, exploring its fundamental principles, mechanisms, and outcomes. Through a comprehensive review of literature, we aim to shed light on the historical evolution, theoretical foundations, and empirical evidence surrounding market economies. Employing a multi-disciplinary approach, this analysis investigates the methods employed in studying market economies, presents key findings, and engages in a thorough discussion of the implications for societies and policymakers.