Northwest Arkansas is a metropolitan area with a rapidly growing population of over 500,000 residents in the principal municipalities of Fayetteville, Springdale, Rogers, Bentonville, and Siloam Springs. A GLOBAL CENTER OF EXCELLENCE IN RETAIL, FOOD, AND LOGISTICS.
A market economy is an economic system in which individuals own most of the resources - land, labor, and capital - and control their use through voluntary decisions made in the marketplace. It is a system in which the government plays a small role. In this type of economy, two forces - self-interest and competition - play a very important role.
1Tw o Roles in. Capitalism: Consumer. and Employee. Most adults in the United States fill two different economic roles: (1) as a. consumer and (2) as an employee for someone else. In previous chapters I. discussed the benefit capitalism brought to individuals when they acted as. consumers (if the right level of competition exists within the economy).