market economy

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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 ?
If the corporation is market oriented, then it acquires market leadership by its capability to provide precise products and services but it also establishes its credibility, reliability and most importantly, a large pool of loyal customers who intend to make repeat purchases and create awareness of the corporation/brand in unexplored markets.
Real estate developers are expected to invest $500-million in market oriented units.
4 million in construction and subsidy funds through Governor McGreevey's Market Oriented Neighborhood Investment program (MONI), which provides financing to housing developers for construction or rehabilitation of single-family homes in eligible urban municipalities.
The Key Steps for Promoting Market Oriented Interest Rate Reform in China
Scope of work : a) to assist banks in creating a responsive financial infrastructure fro SMEs, b) to support a strengthened enabling policy environment for SMEs and c) to support market oriented business development services (BDS)