By Aldgra Fredly The national average retail price for regular gasoline in the United States surpassed $4 on March 31 amid rising oil prices triggered by the war in Iran. This marks the first time gasoline prices have reached $4 per gallon since August 2022, when Russia launched its war against Ukraine, according to the […]
Tag: Markets (economy)
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom.
