Recent Examples of market economy from the Web
After prison, Prigozhin and his stepfather took advantage of Russia’s nascent market economy following the collapse of the Soviet Union and opened hot dog stands.
China also asked that America recognise it as a market economy at the World Trade Organisation, lessening the scope for punishment in trade disputes.
In a real market economy, an avid defender of socialism will always have the possibility of finding donors, investors and readers to finance the dissemination of his opinions.
Restoring a market economy took priority over human rights and social justice.
In 1968, the Democratic Party was unequivocally committed to the notion that the federal government had a responsibility to eradicate poverty through interventions in the market economy.
Many of them are convinced that Russia needs democracy, market economy, freedom of speech, fair elections and good relations with the West.
Her New Majority coalition, which includes the Communist Party, set out to destroy the pillars of the market economy.
Putin has nurtured an image as the man who brought the country from crisis after the humiliating collapse of the Soviet Union in 1991 and a chaotic transition to a market economy.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'market economy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of MARKET ECONOMY
What It Is
A market economy is structured to allow market forces to determine prices with little or no government involvement.
How It Works
In theory, a market economy's functions are based on fluctuations in supply and demand for specific goods and services across an entire market. This relationship results in market prices that efficiently distribute goods and services among market participants who are willing and able to pay for them. Regulations by government are theoretically unnecessary, since market forces shift supply and demand and signal price adjustments conducive for efficient exchange of goods and services. Capitalism in its purest form exists in a market economy.
MARKET ECONOMY Defined for English Language Learners
Definition of market economy for English Language Learners
: an economic system in which prices are based on competition among private businesses and not controlled by a government
Learn More about market economy
Britannica.com: Encyclopedia article about market economy
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