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Thus, the market is an essential part of the society. The society can hardly function without a market where the demands of the people, from the most basic necessities to luxury, are generally sufficed. Expansion of the market is a goal of a lot of economies. The market is a determinant of the quality and the stability of the economy, and the economy is the society’s most physical and concrete basis of its progress and wealth.
Most of the economic giants of the world are capitalist countries characterized by large corporations producing and distributing capital goods for a profit. Private interests drive capitalism but as what Adam Smith described, private interests ultimately lead to the public welfare by what he called the invisible hand...
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