ENENENEN
FR
ES
RU
IT
TR
UKMarket economy
/mˈɑːkɪt ɪkˈɒnəmi/
/mˈɑːɹkɪt ɪkˈɑːnəmi/Market economy
[NOUN]1
an economic system in which private businesses determine production, prices, and salaries not the government
antonyms : non-market economy
Examples
1. Market economy was efficient.
2. It's the market economy.
3. In a market economy prices, higher prices signal higher activity.
4. So the market economy actually works in the politics of India.
more