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Dictionary entry overview: What does market economy mean?
• MARKET ECONOMY (noun)
The noun MARKET ECONOMY has 1 sense:
1. an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Familiarity information: MARKET ECONOMY used as a noun is very rare.
Dictionary entry details
|Sense 1||market economy [BACK TO TOP]|
An economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Nouns denoting groupings of people or objects
Hypernyms ("market economy" is a kind of...):
Hyponyms (each of the following is a kind of "market economy"):
non-market economy (an economy that is not a market economy)
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