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.
DEFINITION of 'Command Economy'. A system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale.The command economy is a key feature of any communist society. command economy is an economic system in which the government, or the central planner, determines what goods and services ...