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.
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.
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
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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
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