By Stephen Zogopoulos, USNN World News Inflation has surged in recent years, impacting every aspect of American life from grocery bills to gas prices. This “involuntary tax” has drained the pockets of many, yet the expected public outrage seems surprisingly muted. Experts and everyday citizens alike are puzzled by the relative calm in the face […]
Tag: Markets (economy)
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom.