The meaning of MARKET ECONOMY is an economy in which most goods and services are produced and distributed through free markets.
amarket-drivenindustry/economy —see alsofree market,single market 6 [count]:the activity of buyers and sellers of a particular product It's not clear how these changes may affect the softwaremarket. 7 [singular]:stock market Themarketwas down today in heavy trading. ...
market economy(noun) mixed economy(noun) 1economy/ɪˈkɑːnəmi/noun pluraleconomies Britannica Dictionary definition of ECONOMY 1 [count]:the process or system by which goods and services are produced, sold, and bought in a country or region ...
The Industrial Revolution further propelled the development of the market economy. Innovations in machinery and the advent of factory production led to increased production efficiency and mass production of goods. This, coupled with advancements in transportation like railways and steamships, expanded mark...
A Muller-Armack `The Meaning of the Social Market Economy' in A Peacock and H Willgerodt (eds) Germany's Social Market Economy: Origins and Evolution (Macmillan London 1989).Muller-Armack,A.The meaning of the social market e-conomy. Germany’s social market economy:Origins and evolution ....
The meaning of ECONOMY is the structure or conditions of economic life in a country, area, or period; also : an economic system. How to use economy in a sentence.
A free market economy does not exist in reality. Every economy in the world faces some restriction or control from the government. The government implements taxes, quality controls, quotas, tariffs, etc., and controls the outcome of the market. Hence, economies are mostly a mix of a free ma...
4→economies of scale →black economy,market economy,mixed economy COLLOCATIONSADJECTIVES/NOUN + economystrong/healthy/soundThe new government inherited a strong economy.weak/ailing/depressedThe economy is weak and consumer confidence is low.fragile(=weak and likely to become worse)The country’s fragi...
Market price is the current cost of any product or service. And it is, by definition, a moving target. In any free market economy, market price is determined by supply and demand. Changes in either of those factors will cause market price to increase or decrease....
From Longman Dictionary of Contemporary English the marketa)thestockmarketMost analysts are forecasting a further downturn in the market.As soon as she graduated from college, she started toplay the market(=risk money on the stock market).The markets(=all the stock markets in the world)are bett...