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Market economy   /mˈɑrkət ɪkˈɑnəmi/   Listen
Market economy

noun
1.
An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.  Synonyms: free enterprise, laissez-faire economy, private enterprise.





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"Market economy" Quotes from Famous Books



... extremely poor country by European standards, Albania is making the difficult transition to a more open-market economy. The economy rebounded in 1993-95 after a severe depression accompanying the collapse of the previous centrally planned system in 1990 and 1991. However, a weakening of government resolve to maintain stabilization policies in the election year of 1996 ...
— The 1998 CIA World Factbook • United States. Central Intelligence Agency.


Words linked to "Market economy" :   capitalist economy, economic system, capitalism, non-market economy, economy, private enterprise


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