|
|
Market economy |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesClosed economyClosed economyAn economy that does not permit economic transactions with the outside world; a country in autarky. Open economyOpen economyAn economy that permits transactions with the outside world, at least including trade of some goods. Contrasts with closed economy. New EconomyNew EconomyThis term was used in the late 1990's to suggest that globalization and/or innovations in information technology had changed the way that the world economy works. Conjectures included changes in productivity, the inflation-unemployment tradeoff, the business cycle, and the valuation of enterprises. External economyExternal economyPositive externality. Tiger economyTiger economyA term originally used to describe rapidly-growing economies in the Far East. Now used to describe any relatively undeveloped country where growth prospects are thought to be high. Further SuggestionsBarter economyCommand economy Ministry of Economy, Trade and Industry black economy Open-economy multiplier Goldilocks economy Integrated World Economy Newly Industrializing Economy Mixed economy Emerging economy Pure exchange economy Goldilocks economy Political economy External diseconomy Mature economy Bubble economy Political economy of protection Non-market economy Radical political economy old economy stocks Small open economy |
|
|
|