market economy
US /ˈmɑːr.kɪt ɪˈkɑː.nə.mi/
UK /ˈmɑːr.kɪt ɪˈkɑː.nə.mi/
1.
markteconomie
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.
Veel landen maken de overgang van planeconomieën naar een markteconomie.
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The principles of a market economy emphasize free trade and minimal government intervention.
De principes van een markteconomie benadrukken vrije handel en minimale overheidsinterventie.