Definition of market economy Market economy
We found 3 definitions of market economy from 3 different sources.
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What does market economy mean?
WordNet
Noun |
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| market economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices | ||
| free enterprise, private enterprise, laissez-faire economy | ||
| non-market economy an economy that is not a market economy | ||
| economic system, economy an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents" | ||
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Wiktionary 
- 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.
OmegaWiki DictionaryOmegaWiki Dictionary Ω
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market economy
A mixed economy that relies heavily on markets to answer the three basic questions of allocation, but with a modest amount of government involvement. While it is commonly termed capitalism, market-oriented economy is much more descriptive of how the economy is structured.\n(Source: AMOS2)
