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  2. Dictionary

    mar·ket e·con·o·my
    [market economy]
    noun
    market economy (noun) · market economies (plural noun)
    1. an economic system in which production and prices are determined by unrestricted competition between privately owned businesses:
      "the process of transition to a market economy led to major changes"
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    Market economy - Wikipedia

    A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor … See more

    Property rights
    For market economies to function efficiently, governments must establish clearly defined and enforceable property rights for assets and capital goods. However, property … See more

    Capitalism is an economic system where the means of production are largely or entirely privately owned and operated for a profit, structured on the process of capital accumulation. … See more

    A wide range of philosophers and theologians have linked market economies to concepts from monotheistic religions. Michael Novak described … See more

    A sustainable market economy seeks to balance economic expansion and environmental preservation. It acknowledges that … See more

    Market socialism is a form of market economy where the means of production are socially owned. In a market socialist economy, firms … See more

    The economist Joseph Stiglitz argues that markets suffer from informational inefficiency and the presumed efficiency of markets stems from … See more

    Supply and demand play an instrumental role in driving market economies by setting both prices and quantities traded in markets. Supply is defined as any increase in price leading to an … See more

     
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  5. What Is a Market Economy and How Does It Work? - Investopedia

  6. What Is a Market Economy? - The Balance

  7. Market economy Definition & Meaning - Merriam-Webster

  8. Market Economies - National Geographic Society

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  12. Market Economy Definition & Example | InvestingAnswers

  13. Market economy - Oxford Reference

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