| 单词 | market economy |
| 释义 | market economy (once / 12918 pages) n A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control. A market economy is the basis of the capitalist system. The opposite of a market economy — i.e, a "non-market" or "planned" economy — is one that is heavily regulated or controlled by the government, most notably in socialist or communist countries. Feelings run high among supporters of both types, as exemplified by the famous American economist Milton Friedman who said that "Underlying most arguments against the free market is a lack of belief in freedom itself." Ouch. WORD FAMILYmarket economy: market economies USAGE EXAMPLESThe big debates of my youth centered on fine-tuning the market economy. New York Times(Dec 24, 2016) Asian stocks were mixed, reflecting the differing fortunes for developed and emerging market economies faced with higher U.S. interest rates. Reuters(Dec 15, 2016) The WTO does not provide a clear definition of a “market economy”. Economist(Dec 15, 2016) n an economy that relies chiefly on market forces to allocate goods and resources and to determine prices Syn|Ant|Hypo|Hyper free enterprise, laissez-faire economy, private enterprise non-market economy an economy that is not a market economy capitalism, capitalist economy an economic system based on private ownership of capital venture capitalismcapitalism that invests in innovative enterprises (especially high technology) where the potential profits are large economic system, economy the system of production and distribution and consumption |
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