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Market economy   /mˈɑrkət ɪkˈɑnəmi/   Listen
Market economy

noun
1.
An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.  Synonyms: free enterprise, laissez-faire economy, private enterprise.






WordNet 3.0 © 2010 Princeton University








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Words linked to "Market economy" :   laissez-faire economy, economy, capitalism, non-market economy, economic system, capitalist economy



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