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Title: Market types and monetary policy

Essay Details

Subject: Business
Author: Charles G
Date: December 23, 2015
Level: University
Length: 9 / 2621
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The USA would be classified as a market economy since their system is based on wealth and power exercised by the individual and corporations. The price mechanism decides prices in the market if there is a shortage of a good or service then the price rises and if there is a surplus then the price will drop...

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Also because of the interaction between supply and demand prices will fluctuate but will always seek to head towards the equilibrium price. The downside of a market enjoy is that it encourages socially unacceptable behavior in terms of porn and pedophiles. The market economy is a free for all system where workers try to maximize their wages relative to the work they are doing...

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