How do modern markets differ from other economic systems in their capacity to produce “growth miracles”?

What will be an ideal response?

While other societies have had spectacular invention records, none can be compared with the success of the industrialized market economies when it comes to their ability to generate the kind of sustained rapid growth we have seen in the last 200 years. Although influences such as political changes, religious beliefs, and historical accidents have surely contributed to this growth, two features of market economies seem to be key: free competition and the use of innovation by firms to compete with their rivals.