There are two major schools of economic thought: Keynesian economics and free-marketfree-marketBusiness Efficiency Unlike other types of economies, a market economy increases the efficiency of businesses. The government is limited in how it regulates transactions within a market economy and most rules it enacts are to protect consumers, the environment, market participants, and national security.https://www.investopedia.com › ask › answers › what-are-som…Advantages of a Market Economy – Investopedia, or laissez-faire, economics

View Full Details

Related Searches

Related Videos

Economic Schools of Thought: Crash Course Economics #14

Module 182: The economic thought : the classical school

classical school of thought economist

What is Classical Economics? | Adam Smith | New IB Economics Syllabus | IB Microeconomics

Classical Economic Theory Intro - Assumptions

classical school of thought of economics

Write A Comment