A market economy is an economic system where businesses and consumers drive the economy with minimal government intervention. In a market economy, the laws of supply and demand determine the price and quantity of goods produced. In a market economy, economic decisions are regulated by the market itself. The market is an enterprise that arranges the free interaction of people pursuing their economic pursuits. In a market economy, the interactions of a country's individual citizens and businesses guide economic decisions and the pricing of goods and services. Market economies are open economies that allow the free flow of goods and services between producers and consumers based on demand and supply.