It takes Mars about 687 Earth days (1.882 Earth years) to orbit the  Sun.    The orbital path of Mars is about twice that of Earth. Mars orbits  about 227 million kil â¦ ometers away from the Sun. The planet travels  a distance of approximately 1.43 billion kilometers (888 million  miles) in 686.971 Earth days.It takes 1.88 years for mars to make one revolution around the sun. It takes Mars 25 hours to orbit the sun, (24 hours, 37 mins).he planet travels  a distance of approximately 1.43 billion kilometers (888 million  miles) in 686.971 Earth days. It takes 1.88 years for mars to make one revolution around the sun. It takes Mars 25 hours to orbit the sun, (24 hours, 37 mins).
DEFINITION of 'Market Economy'. An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses and there is little government intervention or central planning.
An economic system is a system of production and exchange of goods and services as well as allocation of resources in a society.hus every economy is a system that allocates resources for exchange, production, distribution and consumption. The system is stabilized through a combination of threat and trust, which are the outcome of institutional arrangements. An economic system possesses the following institutions: