I think that the most important strength of the market economy is that it has a large variety of goods. Companies can make what ever product they want and consumers can buy what ever they want. Nobody is regulating what people should buy or sell.
This in turn allows higher consumer satisfaction. People will be more happy when companies are actually listening to their needs and are trying to meet them. There is more room for innovation and invention. Progress is easier to attain and the economy won't remain stagnant.
Why do some countries continue using a traditional or command economy after seeing the advantages that a market economy can bring?
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