marketeer See all Nearby Words Cite this Entry Style “Market economy.”Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 7 May. 2025. Copy Citation Share More from Merriam-Webster onmarket economy ...
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...
Definition: A market economy is an economy that allows the free flow of goods and services based on the interaction of demand and supply.What Does Market Economy Mean? Contents [show] What is the definition of market economy? Market economies are open economiesthat enable the free flow of goo...
Definition:A free market system is an economy that allows the market to decide the prices of goods and services by waysupplyanddemand, thereby reflecting individual preferences using direct resources. What Does Free Market System Mean? Contents[show] What is the definition of free market system?Th...
market economy inTrade topic From Longman Dictionary of Contemporary Englishˌmarket eˈconomynoun[countable]aneconomicsystemin which companies are notcontrolledby thegovernmentbutdecidewhat they want toproduceorsell,basedon what theybelievethey can make aprofitfromExamples from the Corpusmarket economy...
Market economy is defined as a system where the production of goods and services are set according to the changing desires and abilities of
Definition and meaning AMarket Economyis one in which prices are established according to supply and demand, rather than by the government. All decisions regarding salaries, investment, production, and distribution are also based onsupply and demand in a market economy. It isalso known as a laiss...
Market Economy 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...
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
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