Assessment of the market economy system

... Title: The market system is the best method of resource allocation. Governments should limit themselves to the protection of private property rights. Discuss When people talk about free market economy, we usually associate it with capitalist economy system, which was an unacceptable form from Chinese viewpoint in the old days. However, in the modern world, market economy does play an important role in regulating actions in the trading market and many countries are running under the market economy system as well. In my opinion, market economy is the best method of resource allocation up to now, and it should be put into the dominant and decisive place in the economic system, government intervention mixed at the same time. As economy is concerned with allocating the scarce resources to satisfy human beings' unlimited wants, the central problem is focused on problem of scarcity. So any economy system, whatever command economy or

want to read more? →