market economy

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market economy

n.
An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.

market 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.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.market economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine pricesmarket economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
capitalism, capitalist economy - an economic system based on private ownership of capital
economic system, economy - the system of production and distribution and consumption
non-market economy - an economy that is not a market economy
Translations
piacgazdaság

market economy

neconomia di mercato
References in periodicals archive ?
For each system, the author explains principles, looks at how it would work in practice, and compares results to the social market economies of Europe.
Might we now not be choosing to turn a blind eye to the fact that the United States is increasingly coming to resemble those major emerging market economies such as Brazil, Russia, Turkey, and Ukraine in terms of its poor economic governance, its dysfunctional politics, and the general direction of its economic policies?
This framework, which continues to be used by the US and other major WTO members, creates a clear distinction between Non-Market Economies and Market Economies.
The resolution stresses the importance of free and fair trade and investment between the EU and China, but highlights that China doesn't yet fulfil the criteria established by the EU to define market economies.
UNITED NATIONS -- Democracy and market economies go hand-in-hand but are risky and can be abused if they do not sustain human dignity, according to a Vatican economic official.
In doing so, it firstly focuses on emerging market economies in Eastern Europe and Asia, since these economies are more prone to implement institutional change than full-fledged and mature market economies.
As edited by Kohli, CEO of the Centennial Group, these contributors examine emerging market economies (EMEs) and how private capital has increased in recent years to stimulate these market conditions.
The reasons are that, first, our economy has not reached the sophistication that other advanced market economies have reached, in terms of the financial markets and in terms of adopting derivatives and complex financial products.
Table 1 shows estimates of labour productivity levels for the total and market economies for 2004, updating previous estimates for 1999 in O'Mahony and de Boer (2002).
50) Although China is considered a non-market economy, the petition was based on the theory that this particular industry was sufficiently market-oriented that the DOC could reliably use the economic data provided by the industry itself consistent with the standards utilized for CVD investigations in market economies.
In particular, his argument that "a guaranteed minimum income may be achievable only where a functioning market economy has first created an appropriate level of material prosperity" and thus that "this wealth also enables to citizens of free market economies to be guaranteed a subsistence level income to ensure that no one need ever go without the basic essentials of life as a result of a loss of income due to some misfortune or foolishness" (85) is somehow out of tune with the rest of his book.
The 184 member countries of the International Monetary Fund (IMF) approved a proposal on September 18 to overhaul the way voting shares are distributed in the organization, raising the stakes of Korea and several other emerging market economies.