Definition of Market economy

1. Noun. An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.

Definition of Market economy

1. 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. ¹

¹ Source:

Lexicographical Neighbors of Market Economy

market analysis
market analyst
market anarchy
market basket
market bell
market capitalisation
market capitalization
market capitalizations
market cross
market day
market discipline
market economy (current term)
market forces
market foreclosure
market foreclosures
market garden
market gardening
market gardens
market jitters
market keeper
market letter
market maker
market opening
market order
market orders
market penetration

Literary usage of Market economy

Below you will find example usage of this term as found in modern and/or classical literature:

1. Making Markets: Economic Transformation in Eastern Europe and the Post by Shafiqul Islam, Michael Mandelbaum (1993)
"... Conclusion: Problems of Planning a market economy Shafiqul Islam This book is meant to be "The Economics of Transformation 101": a lucid primer for ..."

2. Structural Adjustment and Intersectoral Shifts in Tanzania: A Computable by Peter Wobst (2001)
"... From African Socialism to a Free market economy Tanzania has experienced a transition from a one-party, socialist system with a centralized economy to a ..."

3. Germany: A Country Study edited by Eric Solsten (1999)
"The Social market economy The Germans proudly label their economy a "soziale Markt- wirtschaft," or "social market economy," to show that the system as it ..."

4. Regulatory Reform in Hungary by Oecd (2000)
"In 1984, Hungary embarked on a third wave of reforms definitively anchored in principles of a market economy. A competition law was enacted that year, ..."

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