market economy

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market economy

An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

market economy

The 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.

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Noun

market economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

free enterprise, laissez-faire economy, private enterprise

capitalism, capitalist economy - an economic system based on private ownership of capital

economic system, economy - the system of production and distribution and consumption

non-market economy - an economy that is not a market economy

Translations

piacgazdaság

market economy

n → economia di mercato

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

References in periodicals archive ?

spread increases emerging market economy lending volumes by about 16 percent.

When the Fed Lowers U.S. Rates, Emerging Market Loans Soar

In a free market economy, it is not the government's responsibility to get involved in any businesses which are handled by the private sector in developed countries.

Politicians' sugar mills

Trade representative, has previously rejected China's bid for recognition as a market economy, noting the 'evidence is overwhelming that WTO members have not surrendered their longstanding rights...

U.S. Joins EU, Japan, and Others in WTO Dispute Against China: Potential trade war could have far reach implications on nonwoven products

The United States has formally told the World Trade Organization (WTO) that it opposes granting China market economy status, a position that if upheld would allow Washington to maintain high anti-dumping duties on Chinese goods.The statement of opposition, made public in the first week of December, was submitted as a third-party brief in support of the European Union in a dispute with China that could have major repercussions for the trade body's future.

US formally opposes Chinamarket economy status at WTO

Chapters give details on systems such as common ownership, luxury and anarchism, markets and socialism, shareholder socialism, universal basic income and basic capital, and the market economy plus welfare state.

Is Capitalism Obsolete?: A Journey Through Alternative Economic Systems

If there is one common thing that characterizes the run-of-the-mill emerging market economy, it is its policymakers' distrust of free trade and their predilection for high tariff walls that might benefit the favored few.

The World's Scariest Emerging Market: Welcome to America

A market economy cannot work properly unless all participants in that economy-- consumers, firms, and workers (let us call it labor)--can be described by a set of very exacting conditions (traits).

A Tale of Two Americas: Why Is That a Surprise?

Until now, China has forgone being titled a market economy, a matter far beyond semantics.

Beijing's long-awaited status update

Her Sino-German government consultations with Chinese Prime Minister Li Keqiang - the fourth during Merkel's tenure - focused on an ongoing trade conflict over Europe's refusal to classify China as a market economy. "We remember our pledge," Merkel said at a press conference Monday, referring to protocols where China would be considered for classification as a market economy 15 years after its accession to the World Trade Organization (WTO) in 2001.

Chinese President Xi welcomes German Chancellor Merkel after consultations centre on trade worries

BRUSSELS, May 12 (KUNA) -- The European Parliament voted Thursday on a resolution against granting Market Economy Status to China.

EP rejects granting Market Economy Status to China

He said it was particularly true in their apparent willingness to grant Beijing's request to be dubbed a "market economy" in the World Trade Organisation.