A Market Economy
...he market involved will be young people and they will have the opportunity to choose their preferences. These companies are regulated to produce with an average price, and the freedom as a producer to choose their employees with the salary expected for them. A free-market economy system offers greater opportunities for economic growth, technological progress and prosperity. However, market economies will not able to solve issues in today’s global economy such as inflation, unemployment, pollution and poverty. A market economy develops new strategies for the well-being of their economies and is usually brought about by technological innovation and positive external forces. Technological progress has become one of the most important factors in the development of human society. It will help the liberalization of the markets, and will be a way so that the individuals and societies can live and prosper economically. Finally, the market economy allows the prosperity for the humanity. The prosperity will cause that the countries can have a different life style, and its development will allow the economic growth. For example, the United States is a great and powerful power, and has an economy that is powerful enough to a great extent to determine world economics. Furthermore, a market economy allows the free trade without government regulations. The role of government is not to create wealth. The role of government is to create an environment in which the entrepreneur or small business or dreamer can flourish. And that starts with rule of law, respect of private property, less regulatory burdens on the entrepreneur, open banking laws so that all people have access to capital, and good tax policy. In January 1994, Canada, the United States and Mexico launched the North American Free Trade Agreement (NAFTA) and ...