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What is a market economy?

What is a market economy? Here are some definitions.

Noun
  1. An economy in which goods and services are exchanged in a free market, as opposed to a state-controlled or socialist economy; a capitalistic economy.
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And it has become impossible to resist the temptations of the market economy.
The Kanak became integrated into the market economy very rapidly at the beginning of the colonial period.
What football needs is simply sound management based on the basic laws of the market economy.
The idea of calculating the so-called national balance of payments in a free market economy will be absurd.
First, it implies that a capitalist market economy cannot be left to itself, but is a social system in need of design and support.
This indicates the challenges of green politics to the unfettered market economy or the excesses of capitalism.

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