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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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Examples
The magazine noted that the market economy had led to the marginalization of public intellectuals, but they had never been more necessary.
The Kanak became integrated into the market economy very rapidly at the beginning of the colonial period.
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.
The expert also worried that the operation of the market economy was still not routinized in the city.
The idea of calculating the so-called national balance of payments in a free market economy will be absurd.

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