Define Market (economics). Market (economics) synonyms, Market (economics) pronunciation, Market (economics) translation, English dictionary definition of Market (economics). n. 1. a. A public gathering held for buying and selling goods or services: a we
Legal Definition market noun mar·ket 1 : the rate or price at which a security or commodity is currently selling : market price 2 a : a geographical area of demand for commodities or services seeking new foreign markets b : a formal organized system enabling the transaction ...
An open market is an economic system with notrade barriersto free market activities. In an open market, buyers and sellers can do business freely without common market barriers, such as unfair licensing agreements, arbitrary taxes, unionization, subsidies, and other regulations that affect regular m...
Define Market system. Market system synonyms, Market system pronunciation, Market system translation, English dictionary definition of Market system. n. An economy that operates by voluntary exchange in a free market and is not planned or controlled by a
7 Pairs of Commonly Confused Words What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Your vs. You're: How to Use Them Correctly Popular in Wordplay See All More Words with Remarkable Origins ...
Definition:This economic system relies on the market forces of demand and supply to allocate resources.Decisions on how resources are to be allocated are usually taken by millions of households and thousands of firms.市场经济就像Adam Smith所说过的“无形的手”,这无形的手就是市场上的需求与供应操纵...
Scarcity in Economics | Definition, Graph & Examples from Chapter 1 / Lesson 6 469K Learn about scarcity. Understand what scarcity is, review its implications in economics, examine a graph of scarcity, and see some examples of sc...
The meaning of FREE MARKET is an economic system in which prices are based on competition among private businesses and are not controlled or regulated by a government : a market operating by free competition —often hyphenated when used before another no
is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers. However, a more inclusive definition should include any voluntary economic activity so...
Beyond this broad definition, there are many types of markets, depending on what is being sold. For instance, it may refer to the stock market, which is the place where securities are traded. It may also describe a collection of people who wish to buy a specific product or service in a...