market economy

market economy
noun
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
• Ant: ↑non-market economy
• Hypernyms: ↑economy, ↑economic system
• Hyponyms: ↑capitalism, ↑capitalist economy

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noun
: an economy in which most goods and services are produced and distributed through the media of free markets and the price system

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market economy noun
An economy in which prices are determined by competition on the open market without government intervention
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Main Entry: ↑market

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market economy UK US noun [countable] [singular market economy plural market economies] economics
an economic system in which prices, salaries, and the supply of goods are controlled by what and how much people buy, not by the government
Thesaurus: economic systemshyponym

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market economy,
an economic system based on free enterprise; capitalism: »

This switch to a kind of market economy apparently has made [former] East German industry much more efficient (New York Times).

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noun, pl ⋯ -mies [count]
: an economic system in which prices are based on competition among private businesses and not controlled by a government

Useful english dictionary. 2012.

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Look at other dictionaries:

  • market economy — ➔ economy1 * * *    An economy where supply and demand in free markets determine the allocation of resources. However, most countries impose some limitations within this economic system. * * * market economy UK US noun [C] (also free economy)… …   Financial and business terms

  • market economy — n. an economy in which prices, the supply of goods, etc. are determined by buyers and sellers carrying on business dealings with a relatively high degree of freedom * * * …   Universalium

  • market economy — n. an economy in which prices, the supply of goods, etc. are determined by buyers and sellers carrying on business dealings with a relatively high degree of freedom …   English World dictionary

  • Market economy — Part of a series on Economic systems Ideological systems Anarchist  …   Wikipedia

  • Market Economy — An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country s citizens and businesses and there is little government intervention or central planning. This is… …   Investment dictionary

  • market economy — UK / US noun [countable] Word forms market economy : singular market economy plural market economies economics an economic system in which prices, salaries, and the supply of goods are controlled by what and how much people buy, not by the… …   English dictionary

  • market economy — /ˌmɑ:kɪt ɪ kɒnəmi/ noun same as free market economy …   Dictionary of banking and finance

  • market economy — market e conomy n an economic system in which companies are not controlled by the government but decide what they want to produce or sell, based on what they believe they can make a profit from …   Dictionary of contemporary English

  • market economy — market e conomy noun count BUSINESS an economic system in which prices, salaries, and the supply of goods are controlled by what and how much people buy, not by the government …   Usage of the words and phrases in modern English

  • market economy — noun An economy in which goods and services are exchanged in a free market, as opposed to a state controlled or socialist economy; a capitalistic economy. Ant: command economy, planned economy …   Wiktionary

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