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Market Economy Characteristics

Published on Apr 14, 2016

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1.

Market Economy Characteristics

Patrick Ross
Photo by c_ambler
2.

Advantages

  • Right to Private Property
  • Private Property is motivation for people to get the most out of their resources.
  • Free Enterprise
  • Self Interest
  • Competition
  • System of markets and Prices
  • Limited Government involvement
Photo by Paul Jacobson
3.

Disadvantages

  • Still High Unemployment
  • Homelessnes
  • Prospect of Failure
Photo by Leon Fishman
4.

United States of America

Examples of Market Economy 
Photo by Digital Magic Photography
5.

England

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6.

Canada

Photo by jeff.smith
7.

My Life in a Market Economy

  • I choose my own career path and make my own decisions. I succeed or fail on my own. I have to motivate myself to go far in my career. Nothing is a guarantee.

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