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In a market economy, however, the individual has some possibility of escaping from the power of the state.
Peter L. Berger

Meaning of "market economy" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF MARKET ECONOMY

market economy  [ˈmɑːkɪt ɪˈkɒnəmɪ] play
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GRAMMATICAL CATEGORY OF MARKET ECONOMY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Market economy is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES MARKET ECONOMY MEAN IN ENGLISH?

Market economy

A Market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand, and prices of goods and services are determined in a free price system. The major defining characteristic of a market economy is that decisions on investment and the allocation of producer goods are mainly made through markets. This is contrasted with a planned economy, where investment and production decisions are embodied in a plan of production. Market economies can range from hypothetical laissez-faire and free market variants to regulated markets and interventionist variants. In reality market economies do not exist in pure form, since societies and governments regulate them to varying degrees. Most existing market economies include a degree of economic planning or state-directed activity, and are thus classified as mixed economies. The term free-market economy is sometimes used synonymously with market economy, but it may also refer to laissez-faire or Free-market anarchism.

Definition of market economy in the English dictionary

The definition of market economy in the dictionary is an economy that is based on the forces of supply and demand.

WORDS THAT RHYME WITH MARKET ECONOMY


aeronomy
ɛəˈrɒnəmɪ
agronomy
əˈɡrɒnəmɪ
archaeoastronomy
ˌɑːkɪəʊəˈstrɒnəmɪ
astronomy
əˈstrɒnəmɪ
autonomy
ɔːˈtɒnəmɪ
bionomy
baɪˈɒnəmɪ
chemotaxonomy
ˌkiːməʊtækˈsɒnəmɪ
craniognomy
ˌkreɪnɪˈɒnəmɪ
Deuteronomy
ˌdjuːtəˈrɒnəmɪ
diseconomy
ˌdɪsɪˈkɒnəmɪ
economy
ɪˈkɒnəmɪ
folksonomy
fəʊkˈsɒnəmɪ
gastronomy
ɡæsˈtrɒnəmɪ
heteronomy
ˌhɛtərˈɒnəmɪ
isonomy
aɪˈsɒnəmɪ
physiognomy
ˌfɪzɪˈɒnəmɪ
plutonomy
pluːˈtɒnəmɪ
subeconomy
ˈsʌbɪˌkɒnəmɪ
taphonomy
təˈfɒnəmɪ
taxonomy
tækˈsɒnəmɪ

WORDS THAT BEGIN LIKE MARKET ECONOMY

market abuse
market analysis
market cross
market day
market demand
market forces
market garden
market gardener
market gardening
market leader
market maker
market opportunity
market order
market penetration
market price
market rates
market rent
market research
market researcher
market segment

WORDS THAT END LIKE MARKET ECONOMY

antinomy
black economy
cash economy
command economy
false economy
free-enterprise economy
free-market economy
gamma-ray astronomy
infrared astronomy
knowledge economy
mixed economy
molecular gastronomy
new economy
planned economy
political economy
principle of economy
radio astronomy
service economy
subsistence economy
the principle of economy
X-ray astronomy

Synonyms and antonyms of market economy in the English dictionary of synonyms

SYNONYMS

Translation of «market economy» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF MARKET ECONOMY

Find out the translation of market economy to 25 languages with our English multilingual translator.
The translations of market economy from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «market economy» in English.

Translator English - Chinese

市场经济
1,325 millions of speakers

Translator English - Spanish

economía de mercado
570 millions of speakers

English

market economy
510 millions of speakers

Translator English - Hindi

बाजार अर्थव्यवस्था
380 millions of speakers
ar

Translator English - Arabic

اقتصاد السوق
280 millions of speakers

Translator English - Russian

рыночная экономика
278 millions of speakers

Translator English - Portuguese

economia de mercado
270 millions of speakers

Translator English - Bengali

বাজার অর্থনীতি
260 millions of speakers

Translator English - French

l´économie de marché
220 millions of speakers

Translator English - Malay

pasaran ekonomi
190 millions of speakers

Translator English - German

Marktwirtschaft
180 millions of speakers

Translator English - Japanese

市場経済
130 millions of speakers

Translator English - Korean

시장 경제
85 millions of speakers

Translator English - Javanese

Ekonomi pasar
85 millions of speakers
vi

Translator English - Vietnamese

nền kinh tế thị trường
80 millions of speakers

Translator English - Tamil

சந்தை பொருளாதாரம்
75 millions of speakers

Translator English - Marathi

बाजार अर्थव्यवस्था
75 millions of speakers

Translator English - Turkish

Pazar ekonomisi
70 millions of speakers

Translator English - Italian

economia di mercato
65 millions of speakers

Translator English - Polish

gospodarka rynkowa
50 millions of speakers

Translator English - Ukrainian

ринкова економіка
40 millions of speakers

Translator English - Romanian

economie de piață
30 millions of speakers
el

Translator English - Greek

οικονομία της αγοράς
15 millions of speakers
af

Translator English - Afrikaans

mark-ekonomie
14 millions of speakers
sv

Translator English - Swedish

marknadsekonomi
10 millions of speakers
no

Translator English - Norwegian

markedsøkonomi
5 millions of speakers

Trends of use of market economy

TRENDS

TENDENCIES OF USE OF THE TERM «MARKET ECONOMY»

The term «market economy» is quite widely used and occupies the 51.480 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
76
/100
The map shown above gives the frequency of use of the term «market economy» in the different countries.
Principal search tendencies and common uses of market economy
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «market economy».

FREQUENCY OF USE OF THE TERM «MARKET ECONOMY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «market economy» during the past 500 years. Its implementation is based on analysing how often the term «market economy» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about market economy

EXAMPLES

10 QUOTES WITH «MARKET ECONOMY»

Famous quotes and sentences with the word market economy.
1
Peter L. Berger
So I think one can say on empirical grounds - not because of some philosophical principle - that you can't have democracy unless you have a market economy.
2
Peter L. Berger
In a market economy, however, the individual has some possibility of escaping from the power of the state.
3
Peter L. Berger
Let me say again that the relationship is asymmetrical: there's no democracy without a market economy, but you can have a market economy without democracy.
4
Peter L. Berger
It has been true in Western societies and it seems to be true elsewhere that you do not find democratic systems apart from capitalism, or apart from a market economy, if you prefer that term.
5
Omar Bongo
The free market economy is supposed to be the only path leading to the happiness of humanity by promoting wealth and prosperity, power and influence of nations.
6
Julian Castro
We know that in our free market economy some will prosper more than others. What we don't accept is the idea that some folks won't even get a chance.
7
Esther Dyson
Having seen a non-market economy, I suddenly understood much better what I liked about a market economy.
8
Sigmar Gabriel
In Germany it is good if as many people as possible join initiatives and peaceful demonstrations against the rule of the financial markets. Worshipping the unfettered freedom of global markets has brought the world to the brink of ruin. We now need social and ecological rules for the market economy.
9
Elton Gallegly
Since achieving their independence in 1992, the people of Croatia have built a democratic society based on the rule of law, respect for human rights, and a free market economy.
10
Kim Dae Jung
I think a major cause of present Asian economic difficulties that mainly come from, you know, lack of market economy.

10 ENGLISH BOOKS RELATING TO «MARKET ECONOMY»

Discover the use of market economy in the following bibliographical selection. Books relating to market economy and brief extracts from same to provide context of its use in English literature.
1
The Roman Market Economy
"--Alan K. Bowman, University of Oxford "This is a very important book, and I know of no other quite like it. Temin's scholarship promotes and illustrates the relevance of economic theory to the study of Roman history.
Peter Temin, 2013
2
Deviant Globalization: Black Market Economy in the 21st Century
>
Nils Gilman, Jesse Goldhammer, Steven Weber, 2011
3
Poland's Jump to the Market Economy
an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy
Jeffrey Sachs, 1994
4
Business Organization and the Myth of the Market Economy
Explains the transitions in twentieth-century industrial leadership in terms of changing business investment strategies and organizational structures.
William Lazonick, 1993
5
Rebuilding Germany: The Creation of the Social Market ...
Initially, it meant the opposite. Rebuilding Germany examines the 1948 West German economic reforms that dismantled the Nazi command economy and ushered in the fabled 'European Miracle' of the 1950s.
James C. Van Hook, 2004
6
Free Market Economics: An Introduction for the General Reader
The book discusses a vast array of issues often left out of traditional texts but which anyone who wishes to follow economic events needs to know.
Steven Kates, 2011
7
China at the Threshold of a Market Economy
This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making.
Hoe Ee Khor, Kalpana Kochhar, 1993
8
Hungary: Towards a Market Economy
This volume offers the most recent and up-to-date assessment of the Hungarian economy, combining intimate local knowledge with up-to-date modes of economic analysis.
László Halpern, Charles Wyplosz, 1998
9
How Russia Became a Market Economy
An important contribution to the understanding of the economic and political forces that shaped Russia's transformation to a market economy.
Anders Åslund, 1995
10
From Market-Places to a Market Economy: The Transformation ...
In this pioneering work, Winifred Barr Rothenberg documents the emergence of a market economy in rural Massachusetts decades before America's first industrial revolution and argues that a process of market-led growth in agriculture was a ...
Winifred Barr Rothenberg, 1992

10 NEWS ITEMS WHICH INCLUDE THE TERM «MARKET ECONOMY»

Find out what the national and international press are talking about and how the term market economy is used in the context of the following news items.
1
Hayek Kallen 2Q15 President's Letter & Market Commentary
“The dynamism embedded in our market economy will continue to work its magic. Gains won't come in a smooth or uninterrupted manner; they ... «ValueWalk, Jul 15»
2
Why China's Propagandists Love the Internet
... cohesion, especially as the creation of the market economy with “Chinese characteristics” has generated a range of challenges — corruption, ... «Foreign Policy, Jul 15»
3
US-Cuba relations: Their rapprochement carries a message that …
... thinks in those terms, but if you look at what it has done rather than what it says, you can see it inching towards a standard market economy. «The Independent, Jul 15»
4
US finally wins Vietnam war as voracious capitalism takes root
The country's leaders changed course around the time the Soviet Union collapsed, embracing the market economy, a pillar of the very system ... «Rand Daily Mail, Jul 15»
5
Diversification, discrimination now crucial for asset allocation
That is why I think the key for an emerging-market economy is to create a political and structural environment that allows growth to increase, ... «The Nation, Jul 15»
6
NZ-China relationship is one of firsts
... to recognise China's full market economy status and to initiate, conclude and implement a bilateral Free Trade Agreement with China. «Stuff.co.nz, Jul 15»
7
Obama, Mass Incarceration and the “Extreme Center”
... essentially both parties of the extreme center share the same overall “dream” – electoral democracy and a free market economy unfettered by ... «CounterPunch, Jul 15»
8
Why Investor Worry About China Is Way Overblown
"We certainly need to keep a cautious eye on China, but also need to keep in mind it is an emerging-market economy," she says. "There is a ... «U.S. News & World Report, Jul 15»
9
Containing and engaging Russia
Promoting a market economy and democracy was the best way to help countries from the former Soviet sphere recover from the legacy of ... «Boston Globe, Jul 15»
10
Video: What Does India Have to Do to Get Into APEC?
“There's literally not one other large economy in the world that has given civil liberties first and has tried to turn itself into a market economy and ... «Asia Society, Jul 15»

REFERENCE
« EDUCALINGO. Market economy [online]. Available <https://educalingo.com/en/dic-en/market-economy>. Apr 2024 ».
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