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market economy

noun
🔊/ˌmɑːkɪt ɪˈkɒnəmi/
🔊/ˌmɑːrkɪt ɪˈkɑːnəmi/
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  1. an economic system in which salaries and the prices of goods are determined by supply and demand rather than by the state
    • emerging market economies新兴市场经济体
    • The process of transition to a market economy led to major changes.向市场经济过渡的过程导致了重大变化。
    Topics Moneyc1