Market economy is understood as the organization and allocation of the production and consumption of goods and services arising from the interplay between supply and demand. The characteristic that defines the importance of the market economy is that decisions about investment and the allocation of production goods are made mainly through markets.
The term is equivalent to the free market. It should be noted, however, that there is no term, especially at the theoretical or general level, about what would be the balance of permissible state intervention without a market economy becoming a directed economy: "But there are certain aspects related to the economy of market that remain controversial. In the first place, there is some controversy about which activities should be left to the State and which ones can be assigned to the private initiative ».
<span>President ronald reagan's inability to dismantle the department of education reflects the power of iron triangles.Iron triangles is defined as the stable relationship between a bureaucratic agency, a clientele group, and a legislative committee of the nation.</span>
