Market economy- a set of economic relations that develop in the sphere of commodity-money relations on the market.

The market economy has a complex structure – it includes several types of markets and developed infrastructure. The main types of markets are:

a) market of goods and services,

b) the market of factors of production,

c) the financial or money market.

Each of these types of markets is divided into sub-markets and separate segments, which are determined by different features:

a) by economic purpose – market of consumer goods and services, means of production, labor, raw materials market, the market of know-how, the market of securities, currency, etc;

b) by geographic location – global, national, regional, local;

c) by types of competition-free, monopolistic, oligopolistic, mixed;

d) by branches – food, automobile, oil, computer, and others;

e) by the form of sales and organization – wholesale, small wholesale, retail.

The modern market economy is based on a developed social division of labor, commodity production, and exchange. It is characterized by a variety of forms of ownership and management, the presence of developed market infrastructure (banks, exchanges, trading houses, etc.), the active regulatory role of the state, civilized relations, and social orientation.


Connection between digital economy and citizens
In Europe, the smart house system exists already now, it represents various home devices connected to a single controller...


Utopia: The Ideal Society Unveiled
Discover the origins of utopia, its impact throughout history, and humanity's eternal pursuit of an ideal world.
Uncover the concept of patocracy, where a select elite wield significant power, and its effects on society and politics.
Global democracy
Global democracy will be based on one world state operating on liberal and democratic principles.


science, history, government, economics, space, people, wellbeing, healthcare, technology, energy, climate, education, infrastructure, business, security, art, games, absurdystan, buzzwords, relax, sustainable development, entertainment, home,