Definitions
There is 1 meaning of the phrase
Market Economy.
Market Economy - as a noun
An economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Synonyms (Exact Relations)
laissez-faire economyHypernyms (Closely Related)
economic systemeconomy14Hyponyms (Broadly Related)
Antonyms (Opposite Meaning)
non-market economyExample Sentences
"A market economy relies on supply and demand to determine prices and allocate resources."
"In a market economy, individuals and businesses make their own economic decisions."
"Many Western nations embrace a market economy as the foundation of their economic system."
"A market economy allows for the voluntary exchange of goods and services."
"Government intervention is limited in a market economy."
