turumajandusi
Turumajandus, also known as a market economy, is an economic system characterized by the decentralized decision-making of economic agents. In a market economy, the production, distribution, and prices of goods and services are primarily determined by the forces of supply and demand, rather than by central planning or government regulation. This means that individual consumers and producers, acting in their own self-interest, make the vast majority of economic choices.
Key features of a turumajandus include private ownership of the means of production, freedom of enterprise,
While the concept of a pure turumajandus is largely theoretical, most modern economies incorporate elements of