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 ?
Some have openly criticized reforms and the open-door policy, while others criticize the market-oriented economy established by Deng.
It covered topics such as the primary objectives of Islamic banks in a market-oriented economy, the difference between perceptions of Islamic finance and the reality of the industry, and how Islamic banks can support the needs and expectations of recent graduates looking for employment opportunities.
The move by the government of Vietnam from a centrally-planned to a market-oriented economy is studied from the perspective of its impacts on land use, the development of regional and national markets, and the development of the use of credit in business and consumer transactions.
the role played by local actors and the regulatory and developmental role to be played by the state); the textile sector (Chapter 10)--its organization in industrial clusters (based on a case study in Ningbo) and how the relationships between public institutions and private markets have evolved in a fruitful way for the industry despite the withdrawal of the state from direct management and control; the steel industry (Chapter 11)--its strengths (impressive growth), its weaknesses (a fragmented industrial organization), and the need to reform the sector for a more centralized and rationalized administrative system; and the oil sector (Chapter 13)--its governance structure, its monopolistic regulation, and the need to reform the industry in order to cope with a market-oriented economy.
Turkey is gradually moving from a market-oriented economy to a pathological state-centric economy.
The Philippines remains a domestic market-oriented economy, with exports and imports equivalent to only 62.
That limited reform plan seems doomed to fail--just as it did in such ex-communist nations as Hungary, Poland and Yugoslavia, said Mesa-Lago, noting that what's needed are more comprehensive structural reforms toward a market-oriented economy, more like what China has done.
Jordan has made giant strides on the path of economic and trade liberalization in addition to reinforcing mechanisms and functioning of a market-oriented economy that is built on an active role of the private sector in managing economic activities.
I am confident that the Roadmap will help partner countries accelerate their transition towards democracy and market-oriented economy by providing a monitoring tool in support of their reform process.
The left-wing president who studied as a youth in Russia, noted: "Cyprus has a market-oriented economy and is a wealth of untapped opportunities for Russian investors.
He added that Cyprus has a market-oriented economy and is a wealth of untapped opportunities for Russian investors, and that Cyprus provides an excellent platform for conducting and managing business activities from Russia to Europe and vice-versa.
We have obliged to continue to strengthen essential goals, trade, market-oriented economy, improvement of infrastructure, environment, research technology and development, Dimovski said.