market economy

ok, you see something you want to buy in a market, and you ask the seller what it costs, and if you like his price, you buy it, but if you don't, you look for another seller, or maybe the seller says, wait, don't go away, i will give you a better price, and maybe then you buy it from him. that's the idea of a market economy. in a planned economy, the government decides what things cost. you can't find a better price, because the price is the same everywhere.

another thing that happens in a market economy is, you want to buy a bigscreen tv, let's say, but you can't because they're sold out. but if you ask a seller when will you have more bigscreen tvs, he'll say something like, come back next week, i'll order more tvs from the factory. in a planned economy, the government decides how many tvs to build, so when the seller asks for tvs, a government official may say, there will be no more tvs built this year, but instead we will send you thousands of microwave ovens we are now building.

superb . i dont know but it feels me that there is a kind of bargaing involved in Market economy. in planned economy the products are limited.

However, that means there are certain products where market economy hops. and there are certain products where planned economic hops. so a country should imply both the economy.
thank you

i must go for sleep now.....

good night.

you're welcome. as you say, neither economy is more efficient than the other in every circumstance, so actual economies are mixtures of the two basic types.