Market economy

noun

Word Frequency: 3.9

Definitions

1.nounAn economy in which goods and services are exchanged in a free market, as opposed to a state-controlled or socialist economy; a capitalistic economy.

Synonyms

free enterprise laissez-faire economy free market money economy market sharing economy perfect market market equilibrium market anarchy trade white market competitive market

Antonyms

command economy mixed economy planned economy

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