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Definition of Market economy
1. Noun. An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.
Specialized synonyms: Capitalism, Capitalist Economy
Generic synonyms: Economic System, Economy
Antonyms: Non-market Economy
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: wiktionary.com
Market Economy Pictures
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Lexicographical Neighbors of Market Economy
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, ..."
Other Resources Relating to: Market economy
