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Make better decisions, faster IBISWorld’s Industry Research Reports are powerful business tools that provide strategic insight and analysis on over 700 U.S. industries. Extensive, objective and easy to digest, IBISWorld research offers the very latest content on every U.S. industry that help you make better decisions, faster. NAICS Industry Report Collection Specialized Industry Report Collections Finding industry data and analysis on niche and emerging industries can be like looking for a needle in a haystack.
A market economy is an economy in which decisions regarding investment , production and distribution are based on supply and demand , [ 1 ] and prices of goods and services are determined in a free price system . [ 2 ] The major defining characteristic of a market economy is that decisions regarding investments and the allocation of producer goods is accomplished primarily through markets. [ 3 ] This is contrasted with a planned economy , where investment and production decisions are embodied in a plan of production. Market economies can range from hypothetical laissez-faire and free market variants to regulated markets and interventionist variants. In reality market economies do not exist in pure form, since societies and governments regulate them to varying degrees. [ 4 ] [ 5 ] Most existing market economies include a degree of economic planning or state-directed activity, and are thus classified as mixed economies .
