Market+Economy

= **MARKET ECONOMY** =

=How does a market economy answer the 3 economic questions?= = the economic questions are answerd by individuals buying and selling of goods and services in the market place. =

**Individuals buying and selling of goods and services through marketplace**
=Characteristics: Free price system, Laissez Faire- when the goverment has no control over big businesses. =

Resources are owned and controlled by people of the country
=Pros/Cons:=

Produces class division
=Examples: Germany, Canada, Netherlands, =