Market Society

A market society is an economic system where goods, services, and labor are exchanged primarily through market transactions. In this context, prices are determined by supply and demand, and individuals are driven by personal interests rather than communal profit. Relationships and activities are often influenced by monetary considerations, meaning that aspects of life, like education and healthcare, can be commodified. While this fosters innovation and choice, it can also lead to inequalities and ethical concerns about access to essential services and resources, as market values may overshadow social values.