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Meaning of MARKET ECONOMY

WordNet Dictionary
 
 Definition: [n]  an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
 
 Websites: 
 
 Synonyms: free enterprise, laissez-faire economy
 
 Antonyms: non-market economy
 
 See Also: capitalism, capitalist economy, economic system, economy

 

 

 

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