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.
This stands in sharp contrast to the role of government in a market economy. In a market economy, the government usually acts as a referee, ensuring that the market works properly and achieves the goal of delivering the greatest good to the greatest number of people.Toward that end, the U.S. government regulates certain activities in the market.his stands in sharp contrast to the role of government in a market economy. In a market economy, the government usually acts as a referee, ensuring that the market works properly and achieves the goal of delivering the greatest good to the greatest number of people.