| Miêu tả |
A casual observer might think that determining whether an economy is “market” or “non-market” was an interesting question for economists. Actually, economic literature does not consider it an issue.2 Particular markets may fail or be missing, but for whole economies it requires the concerted effort of central planning3. In all economies, some goods and service markets may be subject to monopoly, monopsony, or oligopoly control. But there seems little purpose in trying to measure some point at where a whole economy is “market” or “non-market”. The concern for economists is whether and to what extent any given market should be regulated, taxed
or subsidized.
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