An official website of the United States government.

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock ( ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

Concept Breadcrumbs

Preferred Term:

market economy

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.
Concept Schemes:
NALT Core
NALT Full
Broader Concept:
Entry Terms:
  • market economies
URI:
https://lod.nal.usda.gov/nalt/130640
Download this Concept:
RDF/XMLCreated 2009-07-08, last modified 2017-06-27