A market economy is an economic system in which the production of goods and services is determined by supply and demand. Interactions between consumers and businesses determine what is available ...

He is a professor of economics and has raised more than $ ... is one way that governments can meaningfully intervene in economic systems, thereby encouraging consumption and investment spending.

Capitalism is often thought of as an economic system in which private actors own and control ... As Adam Smith, the 18th century philosopher and father of modern economics, said: “It is not from the ...