market economy(redirected from Free market economy (disambiguation))
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An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
The economy of a country where prices are largely determined by supply and demand and whose government has little direct control over the means of production or trade.
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|Noun||1.||market economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices|
non-market economy - an economy that is not a market economy