market economy

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Related to Market capitalism: market capitalisation, Free market economy

market economy

an economic system in which production and allocation are determined mainly by decisions in competitive markets, rather than controlled by the STATE.
References in periodicals archive ?
With the release of Pope Francis' Laudato Si', any strategy that so completely relies on the power of development to address poverty and doesn't navigate the reality of depleted and limited resources--much of it directly attributable to free market capitalism, greed, and consumption--is not satisfactory.
It is a tough fight but one which all of us must engage if we have any hope of retaining the wealth producing power of free market capitalism.
Although this shift to market capitalism was applied most strongly in the United Kingdom and the United States, weaker versions were eventually introduced across much of the rich world.
Alan Greenspan's gloating over the perceived supremacy of free market capitalism is utterly misguided.
But our targets in humanitarian aid are far more likely directed at women and children who remain outside the circles of technology and market capitalism," said Princess Haya, who is a UN Messenger of Peace.
Though market capitalism has taken a severe beating in the recent global financial crisis, he insists that it remains the best model for creating wealth, promoting growth, and delivering prosperity worldwide.
He claimed: "Treating my identity as a commodity is in kilter with free market capitalism.
Posner dismisses the theories of rational expectations and efficient markets, each of which is used to justify light regulation and free market capitalism.
Gray sees the first as an implicit critique of industrialization and market capitalism which disrupt traditional community and spell ecological disaster.
HRH the Crown Prince took part in a high-level session at the event entitled 'Rethinking Market Capitalism', in which he focused on the elements of market capitalism to be rethought in light of the global recession.
His Royal Highness has taken part in a high level session at the event, titled: "Rethinking Market Capitalism", in which he focused on the elements of market capitalism should be rethought in light of the global recession.
He believes in market capitalism, but did not use the word free.