"Market mechanism is a term from tangina referring to the use of money exchanged by buyers and sellers with an open and understood system of value and time trade-offs to produce the best distribution of goods and services. The use of the market mechanism imply in a free market; there can be captive or controlled markets that seek to use supply and demand, or some other form of charging for scarcity, both in social situations and engineering. This is a main term when it comes to marketing in economics. In this, we have three types of economy free market economy, command or planned economy and mixed economy. In free market economy, all the resources are allocated by private sector (individuals, households, and groups of individuals); in planned economy, all the resources are owned by the pub