MARKET ECONOMY AND ITS PRINCIPLES
Keywords:
market economy, principles, supply and demand, competition, price mechanism, government role, economic growth, economic efficiency.Abstract
This article examines the essence of the market economy, its principles, formation, and development process. It analyzes the main principles of the market economy, mechanisms ensuring its efficiency, and the role of the state. The article also provides a detailed discussion of competition, supply and demand laws, and price mechanisms in a market economy. The research results demonstrate the unique role of competition, free pricing, and government intervention in the development of a market economy. This article will be useful for students of economics, researchers, and policymakers.
References
Samuelson, P., & Nordhaus, W. (2010). Economics. McGraw-Hill Education.
Mankiw, N. G. (2014). Principles of Economics. Cengage Learning.
Stiglitz, J. E. (2000). Economics of the Public Sector. W.W. Norton & Company.
Krugman, P., & Wells, R. (2018). Microeconomics. Worth Publishers.
Barro, R. J. (1997). Determinants of Economic Growth. MIT Press.
Downloads
Published
How to Cite
Issue
Section
License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.