definition types of market and democracy
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A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.[1][2]
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A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange democracy to the people of the people by the people
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