Answer to Question #146150 in Economics for misha

Question

Explain, using information, why no economy operates a pure
market economic system.

Answer 1

A pure market economy has no barriers to economic exchange: you can sell anything to anyone else for any price. In reality, this form of economics is rare. Sales taxes, tariffs on imports and exports, and legal prohibitions—such as the age restriction on liquor consumption—are all impediments to a truly free market exchange.