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.

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 ?
There was talk in markets of "a pro-European government with a finance minister from the Democratic Party, which would be pro-market and pro-EU", said Aurelien Buffault, head of bond operations at Meeschaert Asset Management.
The Lib Dems can continue to exploit favourable political circumstances by adopting a moderate, pro-market, socially liberal agenda - and both candidates promise a shift in that direction.
He further said that in order to find lasting solutions to some of the challenges militating against the progress and development of the state, he would launch pro-business, pro-market agriculture and economic revolution in addition to restoring the glory of all educational institutions owned by the state.
Just not the behavior the Trump team had in mind--Iran abandoning its pursuit of pro-market economic reforms.
In France, Emmanuel Macron was swept to power on a program of pro-market and pro-Europe policies.
Alan Greenspan, one of the architects of the pro-market model, admitted in 2008 he had found a 'flaw' and that "the whole intellectual edifice (has) collapsed".
'Some see the opening up of pro-market reforms as at the expense of a large segment of the Malays or Bumiputeras, and of course, some suggest the country's marginalised poor may suffer.
A rescue package from the Fund would mean the usual round of economic austerity and pro-market reforms, for a prime minister who came to power promising an 'Islamic welfare state.' The U.S., the Fund's largest shareholder and most important decision-maker, has already said that any bailout money can't be used to pay off China, whose ambitious Belt and Road Initiative is turning Pakistan into another Venezuela.
Assuming Korean regulators can balance the need for prudent oversight with pro-market growth policies, blockchain can very easily be the next hallyu (Korean wave) at a time when Korea desperately needs it.
* China also needs to return to the pro-market reform of 1978-2002, which was abandoned by 2009.
We need government policies which keep us open to the world, setting out a pro-market, pro-enterprise vision.