THE MARKET ECONOMY, THE ENGINE OF THE UNITED STATES

Economía

 Image: Pixabay

The United States sustain its economic system in the market economy. Capitalism is based on the spur that competition and profits to give to the business world. The prices of goods and services are traded in an atmosphere of supply and demand.

A country with a capitalist economic system leaves in the hands of private enterprise and of the merchants decision what produce, how much to produce and what price make these goods. Buyers decide freely if they acquire it or not to the price offered, and different vendors try to place more attractive prices to compete with other suppliers. Competition leads to products of best quality and best prices, and a wide offer that benefits consumers.

In a competitive market economy, supply and demand are the basis for a healthy exercise. And in the long run, are an example of freedom: freedom to produce and purchase what you need and want, depending on the availability of money from the buyer.

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