Subjects of the market economy: definition
Market economy is a system based on a
Buyers seek to satisfy their needs, sellers seek to make a profit. The market is the place of their continuous interaction.
Market economy entities actively participate barbados business email list in this process, make independent decisions, and transform reality to achieve their own goals. In simple terms, these are the main actors in the arena of economic events.
Fact of the day
The Big Mac Index is an unofficial measure of purchasing power parity.
Another fact
Who are the market participants?
The market economy has developed as a self-regulating structure. Demand from the consumer, goods from the producer. However, at a certain stage it became clear that it was impossible to do without the participation of a third party. Today, households, enterprises and the state are considered market entities.
Households
The word "household" smells of mothballs. But if you don't look in an economic dictionary, its meaning is very simple. These are people who run a separate household - a family, a couple, or a single person.
Households are the main consumers of goods and services. They create demand that producers, the other side of economic relations, seek to satisfy.