market economy
US /ˈmɑːr.kɪt ɪˈkɑː.nə.mi/
UK /ˈmɑːr.kɪt ɪˈkɑː.nə.mi/
1.
Marktwirtschaft
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
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Many countries are transitioning from planned economies to a market economy.
Viele Länder wechseln von Planwirtschaften zu einer Marktwirtschaft.
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The principles of a market economy emphasize free trade and minimal government intervention.
Die Prinzipien einer Marktwirtschaft betonen freien Handel und minimale staatliche Intervention.