market economy

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Related to Market economics: Free market economics

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 ?
That's the free market economics that have given us cancelled Ryanair flights, rip-off power prices and broadband charges to make an Opec oil cartel blush.
8226; Apply market economics inside organizations to rationalize budget decisions
In "Internal Market Economics: Practical Resource-Governance Processes Based On Principles We All Believe In", author Dean Meyer draws upon his years of experience and expertise to deftly write a compelling 396 page compendium on just how entrepreneurs and managers can utilize market economic concepts to advance their organizational goals and strategies through the judicious application of basic principles with respect to governance and decision making.
You could argue it lays the foundations for civilised economics in a globalised world and while not denying market economics, it resists the notion that it should be governed by its own laws with no moral constraints.
Free market economics is what we have and what we have to work with.
O'Donohoe said that the theories of market economics that have driven growth, employment, unprecedented technological progress and rampant globalisation over the past 30 years are being altered in a fundamental and far-reaching way; and that the model of market economics, based largely on self-interest, has neglected to deal with its own social consequences.
Tom Vosa (pictured), a well-known UK economist and Yorkshire Bank's head of market economics, will address an audience of 100 local business people at the breakfast seminar on Friday, February 18, at Huddersfield University's new business school.
Both our firm and our customers will benefit from their access to Farouk's depth of knowledge about Middle Eastern economics," said David Lubin, head of Emerging Market Economics for Citi Investment Research and Analysis (CIRA).
Market economics last year encouraged farmers to slaughter more cows than usual, leading to the current shortage of cattle.
Claar and Klay begin by sensibly assuming that most readers are unfamiliar with some of the basics of Christian faith and market economics, before launching themselves into an exploration of some of the abiding issues of political economy, most notably the economic role of government.
Market economics assumes the right to private property--the right to theft.
They are practical about the limitations of market economics and persistent in finding ways to use markets to empower the poor.