Market-economy
noun
1.
a capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand.
An economy in which the greater part of production, distribution, and exchange is controlled by individuals and privately owned corporations rather than by the government, and in which government interference in the market is minimal. Although a total market economy is probably only theoretically possible (because it would exclude taxation and regulation of any kind), capitalist economies approximate it and socialist economies are antithetical to it (see capitalism and socialism). Market economies are also called free economies, free markets, or free enterprise systems.
Read Also:
- Marketed
[mahr-kit] /ˈmɑr kɪt/ noun 1. an open place or a covered building where buyers and sellers convene for the sale of goods; a : a farmers’ market. 2. a store for the sale of food: a meat market. 3. a meeting of people for selling and buying. 4. the assemblage of people at such a […]
- Marketeer
[mahr-ki-teer] /ˌmɑr kɪˈtɪər/ noun 1. a person who sells goods or services in or to a . /ˌmɑːkɪˈtɪə/ noun 1. (Brit) a supporter of the European Union and of Britain’s membership of it 2. a marketer /ˌmɑːkəˈtɪə/ noun 1. a person employed in marketing
- Marketer
[mahr-kit] /ˈmɑr kɪt/ noun 1. an open place or a covered building where buyers and sellers convene for the sale of goods; a : a farmers’ market. 2. a store for the sale of food: a meat market. 3. a meeting of people for selling and buying. 4. the assemblage of people at such a […]
- Market forces
plural noun 1. the effect of supply and demand on trading within a free market plural noun economic factors affecting the availability, demand, and price of a commodity; the interaction of supply and demand that shapes a market economy
- Market-garden
noun 1. a garden or farm for growing vegetables to be shipped especially to local or nearby markets. Compare . 2. British. . 3. (initial capital letters) Military. the Allied code name for the unsuccessful invasion of Holland by British and American airborne and infantry forces on September 17, 1944. noun 1. (mainly Brit) an […]