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.
In a free market economy, the âinvisible handâ of supply-and-demand market forces defines what is produced, in what quantity, and at what price. A market economy is a type of economic system in which the trading and exchange of goods, services and information takes place in a free market.usinesses can decide which goods to produce and in what quantity, and consumers and businesses can decide what they want to purchase and at what price. The opposite of a market economy is a planned economy, where the government decides what to produce, in what quantity, and to be sold at what price.