<P> A market system is any systematic process enabling many market players to bid and ask : helping bidders and sellers interact and make deals . It is not just the price mechanism but the entire system of regulation , qualification , credentials , reputations and clearing that surrounds that mechanism and makes it operate in a social context . </P>
<P> A market system is any systematic process enabling many market players to bid and ask : helping bidders and sellers interact and make deals . It is not just the price mechanism but the entire system of regulation , qualification , credentials , reputations and clearing that surrounds that mechanism and makes it operate in a social context . </P>
which economic system relies on the interaction of buyers and sellers
which economic system relies on the interaction of buyers and sellers
A market system
A market system