Monday, September 24, 2012

market economy

In a market economy, the advantages seem to greatly outweigh the disadvantages. With six advantages versus four disadvantages, the comparison is blatantly obvious. Clearly, a market economy is the most stable and economically solid economic system. 

I think the key advantage of a market economy is that there is an incredible variety of goods and services which better the economic system. With such a diverse product market available to the consumers, almost anything desired can be obtained. This is especially true with the ability to customize needs and wants. 

Recently, I was able to custom design a t-shirt for the yearbook staff and even further customize the design by making three separate shirts that indicate "editors" on the sleeve. With the availability of custom made things like screen-printing, any consumer can get exactly what they want and how they want it to look. With the digital advantages and technological advances, anyone can even create their own unique designs and transfer them into a screen print and into a shirt by simply scanning it and digitizing the image. 

I greatly appreciate the advances which are readily available to consumers. Businesses, such as custom screen-printing have only become big within the past few years.... I wonder what the next opportunity in business will be, taking into consideration the conditioning advances in technology?

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