market economy

mar·ket e·con·o·my

M m

Definitions of market economy words

noun market economy a capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand. 1
noun market economy an economy that is based on the forces of supply and demand 0
noun market economy an economy in which prices, the supply of goods, etc. are determined by buyers and sellers carrying on business dealings with a relatively high degree of freedom 0
noun market economy An economy in which goods and services are exchanged in a free market, as opposed to a state-controlled or socialist economy; a capitalistic economy. 0

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A common word. It’s meaning is known to most children of preschool age. About 86% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

This diagram is provided by Google Ngram Viewer

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