0 an economic system in which goods and services are made, sold, and shared and prices set by the balance of supply and demand
1 an economic system in which goods and services are made, sold, and shared and prices set by the balance of supply and demand
2 an economic system in which companies manage their own business, profits, etc. and the supply and price of goods are decided according to how much demand there is for them, not by the government:
As an example, consider a setting in which the government is contemplating introducing a publicly provided asset into a market economy.
The development of a parallel market economy in recent years has given the false impression that the camps could be, or are nearly, self-sufficient.
The second is the expansion and growing sophistication of the early market economy, particularly during the seventeenth century and after.
The developments described here were a part of structural changes driven by some general concept of a market economy.
It represents the growth dimension of the transition projected into a market economy.
Instead, the market economy has created 'winners' and 'losers' together with social class divisions in this socialist state.
Yet he also complicates such an opposition in showing how the gift economy functionally reproduces a market economy.
In the absence of any evidence for a market economy, it may therefore be assumed that redistributive principles governed their dispersal.
