Market-economy meaning

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.
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An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
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The definition of a market economy is one in which price and production is controlled by buyers and sellers freely conducting business.

An example of a market economy is the United States economy where the investment and production decisions are based on supply and demand.

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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.
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Other Word Forms

Noun

Singular:
market-economy
Plural:
market economies