market economy

market economy
n.
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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Universalium. 2010.

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  • market economy — UK / US noun [countable] Word forms market economy : singular market economy plural market economies economics an economic system in which prices, salaries, and the supply of goods are controlled by what and how much people buy, not by the… …   English dictionary

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  • 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. Ant: command economy, planned economy …   Wiktionary

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