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market economy "

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      [Noun]  | "market economy" 


      1: an economy in which most goods and services are produced and distributed through free markets


      Origin: 1918 ;

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       [ "market economy" ]

      1: Production of goods and services is not planned by individuals,rather production is determined by the interaction of supply and demand forces.

        * e.g.,  ... Example of Market economy are USA and West european countries 

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