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
References in periodicals archive ?
It is time that the government allowed the market economy to operate on its own.
made public that it had just submitted a third-party brief to the WTO in support of the [EU] position against the recognition of China as a 'market economy' despite the expiration last year of relevant provisions contained in China's 2001 WTO accession protocol."
China is fighting the EU for recognition as a market economy, a designation that would lead to dramatically lower anti-dumping duties on Chinese goods by prohibiting the use of third-country price comparisons.
Let us briefly consider those necessary functional attributes of a market economy that assure economists that it is working well.
For quite some time, the Chinese government has pressed the EU to grant it "market economy status".
For them to be considering granting as a fact market economy status to China where you have all the evidence in place that denies them that right it's just ridiculous," he said.
government is said to have warned the European Union against granting "market economy status" (MES) to China.
EUROPE is "sleepwalking" towards further crisis in its steel industry if it awards China market economy status, a leading producer has warned MPs.
MARKET economy status for China could be the "final nail in the coffin for UK steel", a Teesside MP has claimed.
After the collapse of communism in 1989, the Central and Eastern European countries took the challenge to implement a market economy embedded in a democratic order.
The AKP government has gradually moved away from the West, which grows and prospers as a free market economy and generates wealth and happiness, and adopted a vision which only cares about economic stability.