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)
Hypernyms (Closely Related)
Hyponyms (Broadly Related)
Antonyms (Opposite Meaning)
Example 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."
