market economy


Also found in: Thesaurus, Financial, Encyclopedia, Wikipedia.

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 ?
Confounding one's sense of manhood, new ideals centered on the ability to participate in and profit from the expanding market economy.
Meadowcroft is right in bringing his reader back to empirical data: "The evidence suggests that within real world market economy there has been no polarization between rich and poor during the past century" (77), he writes, dissipating some of the fuzz over the apparent inequality-creating character of a market economy.
Two prestigious organizations, The International Monetary Fund (IMF) and the Oxford Business Group, a London based consultancy, say that Syria is beginning to move away from a centralized, planned economy toward a market economy.
In assessing whether an emerging market economy might be "converging," one usually looks at a number of standard yardsticks.
Modern Muslims have demonstrated that you can run a modern market economy without interest-bearing financial instruments (though some financial devices they use can resemble fixed interest very closely).
Commerce may stop applying its NME methodology if it finds that China warrants designation as a market economy.
Two more countries, South Korea and Israel have told China that they recognize China's economy as a market economy.
Bulgaria was first recognized as a market economy in 2002.
ARENA, El Salvador's ruling party, has secured the peace in the country, returned it to a free market economy, rebuilt key portions of El Salvador's infrastructure damaged by the 12-year civil war, and is quickly overcoming the effects of the 2001 earthquakes.
After visiting camp Orlyonok on the Black Sea and several other camps, the concept of applying the new market economy to the venue of camps began to develop.
I support freedom and I support a free market economy, but it should be a socially oriented market economy.
Ropke called his version of capitalism the "Third Way," or "social market economy," because it combined free markets with a concern for the common good.