A system of allocating resources based only on the interaction of market forces, such as supply and demand. A true market economy is free of governmental influence, collusion and other external interference.
Related information about market economy:
- Market economy - Wikipedia, the free encyclopedia
A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand, and the prices of ...
- Market Economy Definition | Investopedia
An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens ...
- market economy - The Free Dictionary
An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
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Market economy refers to a system where the prices of goods and services are set by supply and demand. The value of information, goods, and...
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Market Economy: Advantages and Disadvantages By Bertell Ollman (Talk at Nanjing Normal University, Nanjing, China—Oct., l999) Reply to Prof.
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... the more meaningful it is to refer to its economy as a market economy -- and the more useful is the abstract economic theory of the operation of markets likely ...
- Market economy | Define Market economy at Dictionary.com
a capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand. Relevant Questions ...