noun
- An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.
- synonyms: free enterprise, private enterprise, laissez-faire economy
WordNet 3.0 © 2006 by Princeton University
| APA | WordNet. (2010). market economy. Retrieved September 29, 2026, from http://smartdefine.org/market_economy/definitions/1324144 |
| Chicago | WordNet. 2010. "market economy" http://smartdefine.org/market_economy/definitions/1324144 (accessed September 29, 2026). |
| Harvard | WordNet 2010, market economy, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/market_economy/definitions/1324144>. |
| MLA | WordNet. "market economy" 23 October 2010. Web. 29 September 2026. <http://smartdefine.org/market_economy/definitions/1324144> |