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Market economy |
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Market economyA country in which most economic decisions are left up to individual consumers and firms interacting through markets. Contrasts with central planning and non-market economy.Similar MatchesMature economyMature economyThe economy of a nation with a stable population and slowing economic growth. Bubble economyBubble economyTerm for an economy in which the presence of one or more bubbles in its asset markets is a dominant feature of its performance. Japan was said to be a bubble economy in the late 1980s. Black economyBlack economyThe Chancellor of the Exchequer's least favourite part of the economy - also known as the cash economy. Political economyPolitical economy1. Early name for the discipline of economics. 2. A field within economics encompassing several alternatives to neoclassical economics, including Marxist economics. Also called radical political economy. 3. A field within economics that concerns the interactions between political processes and economic variables, especially economic policies. Closed economyClosed economyAn economy that does not permit economic transactions with the outside world; a country in autarky. Further SuggestionsNon-market economyEmerging economy Goldilocks economy External diseconomy Tiger economy Barter economy Mixed economy Open economy Political economy of protection Open-economy multiplier New Economy Integrated World Economy Newly Industrializing Economy Pure exchange economy External economy Goldilocks economy Ministry of Economy, Trade and Industry Small open economy old economy stocks Radical political economy Command economy |
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