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 ?
New Zealand, this volume critically examines the water governance discourse arising in international and national policy circles, in particular the neoliberal assumptions that a good governance environment is one that is both democratic and pro-market and that commercially oriented water services (public or private) are good for poor and marginalized citizens and compatible with human rights.
Prime Minister Manmohan Singh sought to gain political momentum and boost the economy, had brought back pro-market reformer Palaniappan Chidambaram as finance minister, cheering markets but also raising questions over whether the government has the mandate to get the job done.
And according to an unconfirmed local media report, the coalition government of centre-left and pro-market parties in the euro zone country of 2 million people is also considering the sale of Telekom.
In the context of the economic movements that have cycled through Latin America, the period of neoliberalism is comparatively short: twenty years of pro-market policies sandwiched between decades of popular support for leftist initiatives.
A string of pro-market reforms starting at the end of last year and the first interest rate cut in nine months this week are expected to help boost the economy.
The state has been run for a decade by a coalition of Merkel's conservative Christian Democratic Union and the pro-market Free Democrats, the same parties that form the national government.
The report repeats many of the same arguments and logic found in other pro-market publications over the past 25 years.
Cole said that the Economic Development programs of the Asian Foundation was aimed to promote investment and private enterprise, especially small and medium-scale businesses through pro-market reforms of the regulatory environment both at the local as well as national levels.
But the rule changes have provoked a furious backlash from some political parties and domestic retailers, a reaction which threatens to derail a package of pro-market reforms aimed at reviving growth.
Existing tensions between liberal and Islamist parties will be replaced by common interests; the Brotherhood will find good allies in economic policy in smaller pro-market parties across the aisle.
The UK's ageing population threatens to overwhelm politicians' efforts to get spending under control and bring down the national debt, said the report from pro-market thinktank Reform.
The Davos consensus will only survive in the fabulously wealthy petrocurrency enclaves of the Gulf, such as UAE and Qatar, where ruling elites can afford the luxury of pro-market capitalism.