The fundamentals of market economics explain the economic system based on supply and demand concepts in the market. Prices are determined freely and resources are efficiently allocated. Market economics involves private property, free competition, and minimal government intervention. Participants in this system make decisions based on their own interests. One of the major advantages of market economics is the promotion of innovations. Historically, developed countries have adopted market economics and achieved high economic growth. For example, the USA and Germany are considered successful countries in implementing this system