| 释义 |
market economy
market economyn. An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.market economyThe economy of a country where prices are largely determined by supply and demand and whose government has little direct control over the means of production or trade.Thesaurus| Noun | 1. |  market economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine pricesfree enterprise, laissez-faire economy, private enterprisecapitalism, capitalist economy - an economic system based on private ownership of capitaleconomic system, economy - the system of production and distribution and consumptionnon-market economy - an economy that is not a market economy |
Translationsmarket economy
market economy an economic system in which production and allocation are determined mainly by decisions in competitive markets, rather than controlled by the STATE.market economy
Market EconomyA social and economic system in which prices are fixed by the law of supply and demand rather than by a government or other body. In its pure form, a market economy is an economy absent of government subsidies, incentives, or regulations. A market economy contrasts with both a planned economy and a mixed economy. No economy is a complete market economy: most countries claiming to have market economies in fact have a market economy combined with greater or lesser government regulation, sometimes called a social market. Proponents of a market economy argue that it is more efficient than any alternatives, promotes fair competition between its participants, and rewards skill and hard work. Critics allege that a market economy perpetuates class differences and rewards ruthlessness over actual labor. Milton Friedman, Friedrich Hayek, and Ludwig von Mises were three major 20th-century proponents of the market economy. See also: Capitalism, socialism, John Maynard Keynes.market economy see PRIVATE-ENTERPRISE ECONOMY.market economy
Synonyms for market economynoun an economy that relies chiefly on market forces to allocate goods and resources and to determine pricesSynonyms- free enterprise
- laissez-faire economy
- private enterprise
Related Words- capitalism
- capitalist economy
- economic system
- economy
Antonyms |