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Thesaurus Search Results

market economy
Subject Category
E Economics, Business and Industry
Definition
An economic system in which goods and services are exchanged in a market free from government regulation or direction, and production and consumption of goods and services is driven by consumer demand and producer supply.
Definition Source
NAL Thesaurus Staff
RDF/XML Format:
http://lod.nal.usda.gov/nalt/130640.rdf
Persistent URI:
http://lod.nal.usda.gov/nalt/130640
Used For
market economies
Broader Term
economic systems
Related Term
capitalism
consumer economics
markets
mixed economy
private sector
supply balance
trade
transitional economic systems
Spanish
economía de mercado
Term Number
130640