A "market society" transformed not only the economy but how people looked at the world.

Question

Quizplus · Accepted Answer

A market society, characterized by the widespread use of markets and market-based mechanisms to allocate resources and distribute goods and services, has significant cultural and social impacts. It creates a new way of thinking about the world, emphasizing self-interest and individualistic values over communal or social concerns. The shift to a market society can therefore transform not just the economy but also the broader social and cultural landscape.

A "Market Society" Transformed Not Only the Economy but How