What does non-market economy mean?
Definitions for non-market economy
non-mar·ket econ·o·my
This dictionary definitions page includes all the possible meanings, example usage and translations of the word non-market economy.
Princeton's WordNet
non-market economynoun
an economy that is not a market economy
ChatGPT
non-market economy
A non-market economy is an economic system in which the production and distribution of goods and services are controlled by the government, rather than by supply and demand determined by market forces. In this type of economy, government regulators make all major economic decisions, including what and how much to produce, how to distribute goods and services, and how to allocate resources. This contrasts with a market economy, where those decisions are made by individual producers and consumers based on prices determined by supply and demand. Such economies are often characterized by central planning, as seen in socialist or communist economic systems.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of non-market economy in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of non-market economy in Pythagorean Numerology is: 3
Examples of non-market economy in a Sentence
He doesn't ever go any deeper on what he would actually do than ... oppose trade deals and negotiate a better one, i see something different in Hillary Clinton. She wants a trade prosecutor. She's going after currency. She's going to stand strong on keeping China designated as a non-market economy.
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"non-market economy." Definitions.net. STANDS4 LLC, 2024. Web. 31 May 2024. <https://www.definitions.net/definition/non-market+economy>.
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