Scenarios about 'market economy'

A market economy is an economic system where goods and services are exchanged through market forces of supply and demand with minimal government intervention. This model, characterized by private ownership, profit motive, and competition, emerged prominently during the Industrial Revolution and gained global dominance after the collapse of Soviet communism. In alternate history scenarios, variations in market economy development often explore different balances of regulation, state involvement, and how alternative economic systems might have evolved.