market economy
93
3.0
- noun
- /ˈmɑrkɪt ɪˈkɒnəmi/
- Specialized
:
economía de mercado
- In a competitive market economy, prices are set by the forces of supply and demand.
- free market economy
- emerging market economy
- transition to a market economy
This transition to what Deng described as socialist market economy was by no means easy.
- This transition to what Deng described as socialist market economy was by no means easy.
- And when you have market power, you don't get the benefits of a market economy.
- And what I want to do is to have fantastic public services paid for and supported by a dynamic market economy.
- Now that's that's not the same as a market economy, by the way, but a capital based economy requires infinite growth in order to sustain itself.
- And how do you fairly in a market economy achieve that cost effectively?
- Non monopolistic, open, free and dynamic market economies.
- Absolutely the the vibrancy and growth of America has to happen in the private market economy.
- So gold became this residual, this economic, this token of the excess energy created by the market economy.
Examples
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The second basic institution of a market economy is the accounting system.
Academic text (1991) -
One of the three basic institutions of a market economy is the legal system.
Academic text (1991) -
What kind of solution do we have in a free market economy?
-
The market economy was born.
-
Unfortunately, even in a market economy, the moral does not work that way.
-
But it is also a successful market economy with much freedom to pursue your dreams and live your life as you wish.
-
The first phase of the Polish leap to a market economy is on schedule.
Academic text (1990) -
We intend to create a market economy that is subject only to indirect economic regulation.
Academic text (1991) -
The features of the market economy are material interests, autonomy, equality, competition, and openness.
Academic text (1999) -
In a competitive market economy, prices are set by the forces of supply and demand.
Synonyms
292
3.8
A system where people or companies own businesses and property to make money
30
3.8
A system where private businesses compete and the market sets prices with little government control
14
3.9
Businesses owned and run by people or companies, not the government
4
4.2
An economic system where private people or companies own businesses and try to make money
An economy where businesses operate with little government control
Antonyms
- Specialized
1
7.9
An economy where the government decides what is made and sets prices instead of markets
How Market-Oriented
- Specialized
- Specialized
93
3.0
- Specialized
2
4.1
- Specialized
1
7.0
Surface Forms
Morphology
The meaning is directly compositional: 'market' (commerce/trade) modifies 'economy' (the production/distribution system) to indicate an economy organized by markets. This regular noun–noun compound follows common cross-linguistic patterns, so a B1 learner who knows both words should be able to infer the MWE's meaning.
Etymology
Market economy comes from the simple picture of a busy market, where buyers and sellers meet and agree on a price, and the word economy means how a country makes and uses goods and services. So, market economy means a system where what is produced and the prices are decided by people buying and selling — in other words, by 'supply and demand'.