It takes Mars about 687 Earth days (1.882 Earth years) to orbit the  Sun.    The orbital path of Mars is about twice that of Earth. Mars orbits  about 227 million kil â¦ ometers away from the Sun. The planet travels  a distance of approximately 1.43 billion kilometers (888 million  miles) in 686.971 Earth days.It takes 1.88 years for mars to make one revolution around the sun. It takes Mars 25 hours to orbit the sun, (24 hours, 37 mins).he planet travels  a distance of approximately 1.43 billion kilometers (888 million  miles) in 686.971 Earth days. It takes 1.88 years for mars to make one revolution around the sun. It takes Mars 25 hours to orbit the sun, (24 hours, 37 mins).
DEFINITION of 'Market Economy'. An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses and there is little government intervention or central planning.
US Economy. Definition: A market economy is when competition from free enterprise makes economic decisions. It allows the laws of supply and demand to direct the production of goods and services. Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses and the government.