Definitions for market economy
mar·ket econ·o·my

Princeton's WordNetRate this definition:0.0 / 0 votes

1. market economy, free enterprise, private enterprise, laissez-faire economynoun

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

WiktionaryRate this definition:0.0 / 0 votes

1. market economynoun

   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.

WikipediaRate this definition:0.0 / 0 votes

1. Market economy

   A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.Market economies range from minimally regulated free market and laissez-faire systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does does substitute the market for economic planning—a form sometimes referred to as a mixed economy.Market economies are contrasted with planned economies where investment and production decisions are embodied in an integrated economy-wide economic plan and economy’s means of production are owned and operated by a single organizational body.

ChatGPTRate this definition:0.0 / 0 votes

1. market economy

   A market economy is a type of economic system where the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand. It is predominantly a private-sector driven system where businesses and consumers freely interact in the market, with the goal to earn profits and satisfy consumer needs. The government's role is typically limited to regulating the economy to protect consumers and businesses, maintain economic stability, and promote competition.

WikidataRate this definition:0.0 / 0 votes

1. Market economy

   A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand, and prices of goods and services are determined in a free price system. The major defining characteristic of a market economy is that decisions on investment and the allocation of producer goods are mainly made through markets. This is contrasted with a planned economy, where investment and production decisions are embodied in a plan of production. Market economies can range from hypothetical laissez-faire and free market variants to regulated markets and interventionist variants. In reality market economies do not exist in pure form, since societies and governments regulate them to varying degrees. Most existing market economies include a degree of economic planning or state-directed activity, and are thus classified as mixed economies. The term free-market economy is sometimes used synonymously with market economy, but it may also refer to laissez-faire or Free-market anarchism. Market economies do not logically presuppose the existence of private property in the means of production; a market economy can consist of various types of cooperatives, collectives or autonomous state agencies that acquire and exchange capital goods with each other in a free price system. There are many variations of market socialism that involve employee-owned enterprises based on self-management that operate in markets, as well as models that involve public ownership of the means of production where capital goods are distributed through markets.

How to pronounce market economy?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say market economy in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of market economy in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of market economy in Pythagorean Numerology is: 5

Examples of market economy in a Sentence

1. Scott Pace:

   It's not just our machines or our people that we send into space. It's our values. It's who we are. It's things like rule of law, democracy, human rights, and a free market economy i see Artemis and our human expansion into space as a projection of our American values. It's about diplomatically shaping this new domain that we depend on.

2. Franklin Templeton Mark Mobius:

   I believe the authorities in China are learning and this process is on-going regarding how to handle market behaviour, they definitely want to transform China into a market economy and given that intention, I think they will not continue to try to impose drastic controls.

3. Lakshheish M Patel:

   90% of the jobs advertised in newspapers and portals are fake and do not exist and therefore job seekers will not get often response from them. You can see the same ADs featuring time and again every week for last many months. Companies seem to be under pressure from govt to give ad and project a picture that there are jobs in market. Economy is doing so bad in India

4. Harsha De Seiva:

   In Greece, we saw all the data - including debt and budget deficit - changed after the government change, we will reveal the real numbers to the public and work towards a social market economy with a level playing field for all.

5. Marian Tupy:

   Some of the anti-capitalist impulse goes back to that hunter-gatherer mentality and not comprehending the complexity of the market economy, the complexity outpaced our ability to understand it. But even those who don’t understand markets should open their eyes and acknowledge its benefits : Worldwide, wherever economic freedom is allowed, millions of people have lifted themselves out of stoop labor and miserable poverty. Of course, not everyone can reap the benefits of markets. The sick, the mentally ill and other truly helpless people need a hand. But why assume government must provide that help ? Government does n’t do anything very well. Why not let private charity handle it ? I once assumed there was too much poverty for private charity to make much of a difference. But now I realize there is plenty of money, and private charity would do much more if government did n’t discourage it. When the welfare state took over poverty relief, it crowded out.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=market economy
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Market_Economy
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Market_Economy
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=market economy