VDict - Definition of market economy

English - English (Wordnet) dictionary

market economy

Jump to user comments

Noun

an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Related words

Synonyms:
free enterprise private enterprise laissez-faire economy

Related search result for "market economy"

Words contain "market economy":
market economy non-market economy
Words contain "market economy" in its definition in English - English (Wordnet) dictionary:
non-market economy economy free enterprise market economy managed economy private enterprise gnp laissez-faire economy gross national product market forces more...

Comments and discussion on the word "market economy"