A market economy only exists in rural towns and villages.

A market economy is one in which markets allocate scarce resources to the production of different goods and services. The government plays no role in allocating resources. While markets in the open might be common place in rural towns and villages, markets exist wherever a product is traded: in a supermarket, on the internet, or at a market stall. See section 1.1 of Begg and Ward.

FALSE