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- The United StatesThe United States is an example of a market economy. It has a central bank, the Federal Reserve, that attempts to influence the overall direction of the economy. It has a Congress that can pass legislation to boost economic activity or protect consumers. But the main driver of the economy is the law of supply and demand.
www.investopedia.com/terms/m/marketeconomy.asp - People also ask
Market Economy - Definition, Types, Example, Advantages
This article has been a guide to Market Economy & its Definition. Here we discuss market economy, its types, characteristics, advantages, disadvantages, and examples. You can learn more about accounting from the following articles – 1. Developing Economy 2. Knowledge Economy 3. New Economy See more
The Market Economy is a market system where businesses independently produce goods and services based on their demand in the … See more
As mentioned, the prices of goods or services directly depend on demand and supply. So, the scarcer a good or service is, the higher its demand and price. Therefore, demand and supply form the invisible hand responsible for the sustainability of the … See more
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