The market system overall seems to be working well, I like the way that everyone can be involved in it even if they don't imagine so. Just purchasing something on a daily basis makes the market grow in one aspect to one company that will determine the strengths and weaknesses of how they are doing. I like how the market economy answers the "WHAT, HOW, and FOR WHOM" questions. Baisically determining that we have a say in what is going on by what we buy and how much money we put in to it.
Another thing that I admire about the market economy is how it can easily revolve and change to what is changing with the enviornment, the style, or whatever it might be that is a concern or new interest. But mostly I like how it provides freedom to everyone. After a certain amount of time the people can choose whether they want to continue going to school and go to college or a trade school, or they can begin to pursue in a career if they are ready for that next step, or if they really want they can continue to live at home and do whatever they were doing to begin with and just not move forward. But either way it is the individual that gets to decide that, unlike other economies where people are forced to do whatever a, for example, "higher" person says or tells them to do.
There are also disadvantages of having a market economy such as, when a business can no longer provide for the people or their employees know the employees are left to go out about themselves to find another career to support themselves and possibly a family. Also a market economy can't provide some basic needs for the society because they may be too young or old or maybe even too sick. And there is always the possibility of a market economy may failing.
So my question is, What would happen if the Market Economy fails?
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