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Market economy
01
economia di mercato
an economic system in which private businesses determine production, prices, and salaries not the government
Example
The transition to a market economy in Eastern Europe led to significant economic reforms and privatization.
In a market economy, consumers have the freedom to choose among competing products and services.
A market economy allows businesses to operate based on supply and demand without government interference in pricing.
Esempio
The transition to a market economy in Eastern Europe led to significant economic reforms and privatization.
In a market economy, consumers have the freedom to choose among competing products and services.
A market economy allows businesses to operate based on supply and demand without government interference in pricing.
Market economies rely on competition to allocate resources efficiently and drive innovation.
The United States is often cited as an example of a market economy characterized by private enterprise and minimal government regulation.
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