Market economy

Market economy requires treating as the complex system because it really is. However, this term paper covers the most important components of the market economy and the most important interaction, not the detailed controversies.
Market economy is an economic system in which goods and services are made, sold, and shared and prices set by the balance of supply and demand. Market is “the place” where this system is organized.
In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. Market participants consist of all the buyers and sellers of a good who influence its price, which is a major topic of study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. Markets vary in form, scale (volume and geographic reach), location, and types of participants, as well as the types of goods and services traded.
In order to understand the meaning of market the market function is an important issue to delve into. The market function is there so that the satisfaction of the buyers and sellers during a transaction can be ensured.
Another important system to mention here is competition.