What countries have a market economy?
A free market, or market, economy is one which allows the market to do as it pleases and essentially lets the science of economics dictate how business perform. A market economy was much more common a century or two ago, before government regulations began influencing the way market economies were run. In America, for instance, government regulation prevents monopolies, exploitation, and more in order to create a more equitable economy. However, there are still several free markets in existence.
For example, nations such as Hong Kong, Singapore, New Zealand, Australia, and Switzerland are all...
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A market economy is part of a capitalist system where the main aim is to make profit. Such economies, present in countries such as the US, the UK, are dependent on supply and demand.
However, as mentioned, there is no country that purely adopts a market economy.