Market System
Subject: Economics | Topics:

Market System basically depends on how well the participants obtain financing, launch businesses and adopt new technologies and best practices. It is not just the price mechanism but the entire system of regulation, qualification, credentials, reputations and clearing that surrounds that mechanism and makes it operate in a social context. It is a social network that permits interaction between buyers and sellers. Market System includes all the rules and regulations, the reputations and credentials of the companies and individuals involved. It is relies on the assumption that players are constantly involved and unequally enabled, a market system is distinguished specifically from a voting system where candidates seek the support of voters on a less regular basis.

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