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Non-market economy |
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Non-market economyA country in which most major economic decisions are imposed by government and by central planning rather than by free use of markets. Contrasts with a market economy.Similar MatchesIntegrated World EconomyIntegrated World EconomyA hypothetical, theoretical benchmark in which both goods and factors move costlessly between countries. The IWE is associated with a retangular diagram depicting allocation of factors to countries, showing conditions for FPE. The name was coined by Dixit and Norman (1980), but the concept and technique was introduced by Travis (1964). Goldilocks economyGoldilocks economyA term developed in the mid 1990s to describe the positive performance of the economy as "not too hot, not too cold; just right." 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. Open economyOpen economyAn economy that permits transactions with the outside world, at least including trade of some goods. Contrasts with closed economy. External diseconomyExternal diseconomyNegative externality. Further SuggestionsMixed economyOpen-economy multiplier Political economy of protection New Economy Market economy black economy Command economy Closed economy Mature economy Barter economy Radical political economy Newly Industrializing Economy Small open economy Political economy Goldilocks economy Tiger economy Ministry of Economy, Trade and Industry old economy stocks External economy Pure exchange economy Emerging economy |
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