This document presents an overview of market driven economies, defining them as systems where supply and demand determine prices and investment decisions are private. It lists the key characteristics as private property, freedom of choice, self-interest, competition, markets/prices, and limited government. Advantages include increased motivation, foreign investment, and product variety/innovation, while disadvantages are potential unemployment, anti-social attitudes, reduced welfare, and increased corruption.

1. MARKET DRIVEN
ECOMOMIES
PRESENT BY : RAVI SAINI

2. DEFINITION
 A market economy is an economic system
where decisions regarding investment,
production, and distribution are based on the
interplay of supply and demand, which
determines the prices of goods and services.

3. CHARACTERISTICS OF MARKET
ECONOMIC
 Private property
 Freedom of choice
 Motive of self interst
 Competition
 System of markets and prices
 Limited government

4. ADVANTAGE
 Most people work harder (the threat of losing one's job is a
great motivator).
 Foreign investment is attracted as word gets out about the
new opportunities for earning profit.
 A great variety of consumer goods become available for
those who have the money to buy them.
 There is more innovation as firms look for new products to
sell and cheaper ways to do their work.

5. DISADVANTAGE
 Growing unemployment.
 The same market experiences develop a set of anti-social
attitudes and emotions.
 Reduced social benefits and welfare .
 Increase in corruption in all sectors of society, which further
increases the power of those with a lot of money and puts
those without the money to bribe officials at a severe
disadvantage.

6. `
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