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 ?
But such goals can only be realized under a real market-oriented economy and it is time for China to create one.
"The successful implementation of this agreement will help Egypt transition to a more market-oriented economy with a robust private sector and place its economy on a path to more sustainable and necessary economic growth," Christmann said.
In some instances, UCB was accused of being a political bank with weak corporate governance synonymous with public companies at the time.The theme of the public debate was: "The role of the Central Bank in a Market-Oriented Economy."
* Morocco has capitalized on its proximity to Europe and developed a market-oriented economy supported by low labor costs, industry development strategies and free-trade agreements (FTA) with the eurozone, the US, and neighboring African countries.
100% foreign equity is permitted in the manufacturing and infrastructure sectors as the country has a market-oriented economy, with a rapidly growing private sector.
The country's market-oriented economy has also made it a popular target with both national and international investors.
The United States supports Macedonia's transition to a market-oriented economy. Macedonia has been a member of the World Trade Organization since 2003.
While the inclusion of the yuan would be a public acknowledgement of China's clout in the global economy, it would also put further pressure on the government to take steps toward creating a more open, market-oriented economy.
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.
While the USSR socialist economy ultimately collapsed in the early 1990s after having years of failed market-oriented economic reform experiments in vain, China has successfully transformed itself toward market-oriented economy and has shown a remarkable economic success up until now.
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 second alarming development is Turkey's deviation from a market-oriented economy. Turkey is gradually moving from a market-oriented economy to a pathological state-centric economy.