{"id":14,"date":"2026-06-11T06:44:37","date_gmt":"2026-06-11T06:44:37","guid":{"rendered":"http:\/\/123.253.160.124:7676\/hpuniv\/economics-dept\/?page_id=14"},"modified":"2026-06-26T12:02:51","modified_gmt":"2026-06-26T12:02:51","slug":"market-economic-system","status":"publish","type":"page","link":"http:\/\/123.253.160.124:7676\/hpuniv\/economics-dept\/market-economic-system\/","title":{"rendered":"Market Economic System"},"content":{"rendered":"

A market economy is very similar to a free market. The government does not control vital resources, valuable goods or any other major segment of the economy. In this way, organizations run by the people determine how the economy runs, how supply is generated, what demands are necessary, etc.<\/p>\n","protected":false},"excerpt":{"rendered":"

A market economy is very similar to a free market. The government does not control vital resources, valuable goods or any other major segment of the economy. In this way, organizations run by the people determine how the economy runs, … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":114,"menu_order":22,"comment_status":"closed","ping_status":"closed","template":"templates\/master-template-left-sidebar-subsites.php","meta":{"footnotes":""},"class_list":["post-14","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\r\nMarket Economic System - Department of Economics<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"http:\/\/123.253.160.124:7676\/hpuniv\/economics-dept\/market-economic-system\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Market Economic System - Department of Economics\" \/>\r\n<meta property=\"og:description\" content=\"A market economy is very similar to a free market. 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