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 ?
In a free market economy, it is not the government's responsibility to get involved in any businesses which are handled by the private sector in developed countries.
to reject prices or costs that are not determined under market economy conditions in determining price comparability for purposes of anti-dumping comparisons.
The United States has formally told the World Trade Organization (WTO) that it opposes granting China market economy status, a position that if upheld would allow Washington to maintain high anti-dumping duties on Chinese goods.
Brown has cautioned Administrations of both parties and foreign trade partners against granting China market economy status, which could hamper the ability of U.
Chapters give details on systems such as common ownership, luxury and anarchism, markets and socialism, shareholder socialism, universal basic income and basic capital, and the market economy plus welfare state.
If there is one common thing that characterizes the run-of-the-mill emerging market economy, it is its policymakers' distrust of free trade and their predilection for high tariff walls that might benefit the favored few.
Until now, China has forgone being titled a market economy, a matter far beyond semantics.
BRUSSELS, May 12 (KUNA) -- The European Parliament voted Thursday on a resolution against granting Market Economy Status to China.
The recognition of a country as a market economy remains a matter of degree over many dimensions.
EUROPE is "sleepwalking" towards further crisis in its steel industry if it awards China market economy status, a leading producer has warned MPs.
With the industry reeling from the announcement of 750 redundancies at Tata's Port Talbot steelworks, Tata Steel Europe's head of public affairs, Tim Morris, left the Welsh Affairs Committee in no doubt about his opposition to granting China Market Economy Status (MES).
MARKET economy status for China could be the "final nail in the coffin for UK steel", a Teesside MP has claimed.