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 ?
spread increases emerging market economy lending volumes by about 16 percent.
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.
Trade representative, has previously rejected China's bid for recognition as a market economy, noting the 'evidence is overwhelming that WTO members have not surrendered their longstanding rights...
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.The statement of opposition, made public in the first week of December, was submitted as a third-party brief in support of the European Union in a dispute with China that could have major repercussions for the trade body's future.
Brown has cautioned Administrations of both parties and foreign trade partners against granting China market economy status, which could hamper the ability of U.S.
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.
A market economy cannot work properly unless all participants in that economy-- consumers, firms, and workers (let us call it labor)--can be described by a set of very exacting conditions (traits).
Until now, China has forgone being titled a market economy, a matter far beyond semantics.
Her Sino-German government consultations with Chinese Prime Minister Li Keqiang - the fourth during Merkel's tenure - focused on an ongoing trade conflict over Europe's refusal to classify China as a market economy. "We remember our pledge," Merkel said at a press conference Monday, referring to protocols where China would be considered for classification as a market economy 15 years after its accession to the World Trade Organization (WTO) in 2001.
BRUSSELS, May 12 (KUNA) -- The European Parliament voted Thursday on a resolution against granting Market Economy Status to China.
He said it was particularly true in their apparent willingness to grant Beijing's request to be dubbed a "market economy" in the World Trade Organisation.