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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations
piacgazdaság

market economy

neconomia di mercato
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
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References in periodicals archive
Global Banking News-June 3, 2019--Zimbabwean minister accuses private companies of derailing forex market system
M2 EQUITYBITES-June 3, 2019--Zimbabwean minister accuses private companies of derailing forex market system
BANKING AND CREDIT NEWS-June 3, 2019--Zimbabwean minister accuses private companies of derailing forex market system
Imee Marcos on Sunday pressed for the revival of the Kadiwa market system that was successfully implemented during the time of her father, the late President Ferdinand Marcos.
THE MUDDY 1975 CONGRESSIONAL VISION: A NATIONAL MARKET SYSTEM
"The limits of a market system relate to the fact that the connection between individual and collective rationality can be severed," De Grauwe writes.
Abdulrahman Al-Barak, the Shoura Council amended at its 16th session of its 3rd year of its fifth round the finance leasing system, registered real estate mortgage system and the stock market system....
"The freezing of the credit markets, the collapse of Northern Rock, fears over the property market and plunging share prices are all failures of the private market system.
The market system requires an input from the political system became efficient markets require good law.
Political scientist Benjamin Radcliff of Notre Dame University, summing up his recent studies in Social Forces and the American Political Science Review, says survey research shows that "the more we supplement the cold efficiency of the free market system with interventions that reduce poverty, insecurity and inequality, the more we improve the quality of life."
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