It’s Winter. Let’s Go to the Farmers’ Market!
On a recent Saturday morning at Eastern Market in Detroit, busking musicians filled the air with jazz as vendors finished setting up for…
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A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in they allocation of capital and thae factors of production.
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