market economy definition

  • noun:
    • An economy that operates by voluntary trade in a totally free market and it is maybe not in the pipeline or controlled by a central expert; a capitalistic economic climate.
    • An economy by which goods and services tend to be exchanged in a totally free marketplace, rather than a state-controlled or socialist economy; a capitalistic economic climate.
    • an economy that relies chiefly on marketplace forces to allocate products and sources also to determine rates

Related Sources

  • Definition for "market economy"
    • An economy that operates by voluntary trade in…
    • View More
  • Sentence for "market economy"
    • Example of Market economy are USA…
    • View More
  • Quotes for "market economy"
    • "The free market economy is supposed…"
    • View More
  • Antonym for "market economy"
  • Hyponym for "market economy"
  • Hypernym for "market economy"
  • Agriculture Dictionary for "market economy"
    • An economic system by which goods…
    • View More
  • Urban Dictionary for "market economy"
    • Production of goods and services is…
    • View More
53 votes

How would you define market economy?

All the definitions on AZdictionary were written by people just like you. Now's your chance to add your own!