Definition: Meaning of, market economy in English to English dictionary.
Pronunciation:/ ˈmɑːkɪt ɪˈkɒnəmi /
noun
synonym
antonym
Word Forms:
Singular
Plural
market economy
market economies
[countable]
an economic system in which companies are not controlled by the government but decide what they want to produce or sell, based on what they believe they can make a profit from