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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.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000
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References in periodicals archive
The conservative case, eloquently articulated by May, is that a free-market economy, operating under the right rules and regulations, is the greatest agent of collective human progress ever created.
Focusing on the "Programme of Action" produced at the Cairo conference on population in 1994, the articles examine the effects of the guidelines over the last fifteen years in India, China, Uganda, Egypt and Latin America as well as general topics such as the politics of abortion and women's health in a free-market economy. Contributors include academics, medical professionals and NGO representatives specializing in population and public health issues.
Just what are the alternatives to a free-market economy model and the free movement of capital?
Noting that Turkey and India were democratic, secular and free-market economy countries, Gul said that both countries took place in a strategic location in their own regions.
In general, Nordic companies make extremely reliable and attractive trade partners." Lena Skogstra...m Ericson, director of DTCM in the Nordic countries, was delighted over the number of participants who attended the seminar and showed a keen interest in the opportunities offered by Dubai's free-market economy and Jafza.
It is hypothesized that tensions between social values and individualism, materialism, and calculative rationality have arisen as a result of the transformation to a free-market economy. Methods used are both contrasted semi-structured qualitative interviews with new-rich businessmen and their fathers in Moscow, Shanghai, and Leipzig and the secondary quantitative analysis of World Values Survey data.
ECONOMY: China's change to a free-market economy is making a few people rich, but leaving many workers behind.
But are the poor better off in a system that has lots of well-motivated, well-paid, excellent physicians; sophisticated scanners on every street corner; some excess hospital capacity; and a vibrant, free-market economy where doctors compete to give the highest-quality, lowest-priced care?
The truth is that, whatever feats of intellectual prestidigitation conservative thinkers like Kirk may have performed, they bore little relation to the realities of a country with a booming free-market economy. Conservatives have never been able to reconcile their worship of the almighty free market with its attendant social upheaval.
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