market economy 1
noundomain: group
Princeton WordNet [ver.3.1]
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EnglishDefinition
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Hypernym
economy 1
noun
the system of production and distribution and consumption
EnglishAntonym
an economy that is not a market economy
Hyponym
capitalism 1
noun
an economic system based on private ownership of capital
