market economy

(redirected from Free market economy)
Also found in: Dictionary, Thesaurus, Financial, Acronyms.

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
References in periodicals archive ?
Two issues might cloud a healthy relationship between states and corporations: the very nature of the relationship and deviation from free market economy principles, especially freedom to choose.
ON THIS DAY LAST YEAR: Chancellor George Osborne vowed to fight an "anti-business culture" in the UK, warning that the row over bonuses and pay threatened to undermine jobs and prosperity provided by the free market economy.
Bahrain has always been celebrated as the most free market economy in the Arab world.
To better understand China's recent economic performance, this NBER Conference Report examines the distinctive system it has developed: "market socialism with Chinese characteristics." While its formal institutional makeup resembles that of a free market economy, many of its practices remain socialist in nature, including strategically placed state owned enterprises that wield influence both directly and through controlled business groups, and Communist Party cells whose purpose is to maintain control of many segments of the economy.
A free market economy is like health - mankind is unlikely to have a quality life without it.
How much longer can any government quote Britain's free market economy as an excuse to allow these cartels to continue to rip-off the British public by artificially inflating prices to increase profit to exorbitant levels?
"Free market economy doesn't rule out government intervention.
"We are a source of inspiration for the eastern countries with the successful models we applied in human rights, freedom of expression and free market economy. We are also a source of inspiration for the western countries with our young and dynamic population, influence on surrounding countries as well as growth and development rates," said Bagis.
Mr Osborne told the FSB: "A strong, free market economy must be built on rewards for success.
CHANCELLOR George Osborne last night vowed to fight an "anti-business culture" in the UK, warning that the row over bonuses and pay threatens to undermine the jobs and prosperity provided by the free market economy.
While oil and gas revenues account for only 30 percent of its GDP, the UAE has set itself up as a progressive and forward-moving country, determined to compete in the world's free market economy. With its economic growth, the UAE has taken the opportunity to be a player in the development of the peaceful use of nuclear energy and is emerging as a leader in research into sustainable energy.
This practice seems to contradict the free market economy which we are told is driving up the wholesale price of energy.