Advantages of Market Economy

Advantages of Market Economy
Efficiency
The main aim of the businesses operating in the Market Economy is to earn maximum profit and this can be achieved by increasing the sales and decreasing the costs. The costs are kept minimum so and efficiency from the workers is promoted.
Economic Growth
Market Economy encourages people to do the investment. When businessmen feel that they have liberty to make their own choices their businesses, they start to invest money in to the business.
Choice
There is a lot of choice for the consumers. Due to increased competition and efficiency the consumer will have a lot of products on its disposable and it would be able to decide which one to buy.
Independence
The role of the government would be almost invisible. This thing will give independence to the producer and consumer who will be able to operate without any direct influence by another entity.