market economy

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Related to Market economies: Emerging Market Economies, Command economies, Mixed economies

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 ?
If there is one thing that we should have learned from the 2008-09 global economic recession, it is how much more interconnected the global economy has become and how difficult it still is for the emerging market economies to decouple from the industrialized economies.
According to him, the EBRD, which has fostered the building of market economies in the eastern Europe in the past two decades, stands ready to help nations in North Africa and the Middle East, adding to the 29 countries where it invests.
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.
Like the information technology revolution of the past few decades, the solar revolution will invigorate market economies by transforming the way in which we use energy, he says.
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).
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.
Intellectuals in the Western tradition came to think of the idea of non-discrimination as the foundation of economic theory and a source of the efficiency of market economies.
The Department of Commerce (Commerce) classifies China as a nonmarket economy (NME) and uses a special methodology that is commonly believed to produce AD duty rates that are higher than those applied to 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.
Michael Leahy, assistant director, will assume oversight responsibilities of the Advanced Foreign Economies and Emerging Market Economies sections.
However, market economies are not without inequities and failures.
As these countries adopt market institutions many of their problems are similar to problems in other emerging market economies.