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Home > Terms > English, UK (UE) > Market economy
Market economy
An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: History
- Category: World history
- Educational Institution: New York State Board of Regents
- Product: Regents Exams
- Acronym-Abbreviation:
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