Definitions

1. A market economy is controlled by the forces of supply and demand.
2. A market economy is coordinated through the price system operating on the principle of marginal utility. (Web site)
3. The market economy is the social system of the division of labor under private ownership of the means of production.

European Union

1. Discusses its struggle to be free from foreign occupation, with a free market economy, and ready to take its place in the European Union.

Analysis

1. Underpinning this analysis is an examination of what neoclassical economists regard as key decision makers in a market economy, namely households and firms. (Web site)

Collapse

1. The depletion of oil and gas, the degradation of the environment and the decline of social capital all threaten to collapse the market economy. (Web site)

Market Demand

1. In a market economy, labour expenditures producing outputs and the market demand for those outputs are constantly adjusting to each other. (Web site)

Market Society

1. We can have a market economy, but we cannot have a market society. (Web site)

Particular Markets

1. This text aims to show how neoclassical theory is used to model market mechanisms, both in particular markets and in the market economy as a whole. (Web site)

Communist Economy

1. Unlike socialism, which is compatible with a market economy, a communist economy consists of local or communal democratic planning.

Command Economy

1. The three major ways they can be organized are as a market economy, a command economy, or a mixed economy.

Centrally Planned

1. Hungary has made the transition from a centrally planned to a market economy, with a per capita income one-half that of the Big Four European nations. (Web site)

Wealth

1. While a market economy maximises wealth by evolution, a planned economy favors design.

Free Market Economy

1. The economy is a free market economy, and the world's 15th largest trading nation. (Web site)
2. He also advocated a free market economy, which he believed was prohibited by capitalist monopoly of credit and land backed by the state.
3. The war time economy of Nazi Germany can effectively neither be described as a free market economy nor as centrally planned.

United States

1. Colombia is a free market economy with major commercial and investment ties to the United States.
2. West Germany, established as a federal parliamentary republic with a " social market economy ", was allied with the United States, the UK and France.

Problems

1. Communism attempts to offer an alternative to the problems with the capitalist market economy and the legacy of imperialism and nationalism. (Web site)

Advocate

1. Rather they advocate a theoretical ideal of a market economy with absolutely no intervention by the state and advocate abolition of the state itself.

Freedom

1. This book is the latest attempt to justify freedom and the market economy by reference to the knowledge of science and biology.

Addition

1. In addition, it faced many of the same problems faced by other former socialist East European countries during the transition to a market economy.

Context

1. In particular, it is possible to create unprofitable but socially useful goods within the context of a market economy.
2. However, he was not a Socialist or Communist but an advocate of various cranky financial reforms in the context of a completely free market economy. (Web site)

Countries

1. Explores the global marketing issues that arise are more countries participate in the free market economy.

Canada

1. With a developed market economy that is export-directed and closely linked with that of the U.S., Canada is one of the world's most prosperous countries. (Web site)

Soviet Union

1. A decade after the collapse of the Soviet Union in 1991, Russia is still struggling to establish a modern market economy and achieve strong economic growth.
2. With the Soviet Union gone the transition to a market economy began.

System

1. The system of the hampered market economy, or interventionism, differs from socialism by the very fact that it is still market economy.

Functioning

1. Individualists anarchists have long argued that monopoly on credit and land interferes with the functioning of a free market economy.

Means

1. The error in this view is that the market economy is actually very rationally planned by means of consumer demand through the price system.
2. Given that firms in a free market economy are assumed to be profit maximisers, this means that public goods would not be supplied.

Virtue

1. He defines a class as a group of individuals who share a similar position in market economy and by virtue of that fact receive similar economic rewards. (Web site)

Bulgaria

1. The industrial base remained important even after Bulgaria discarded socialism for a market economy at the end of the 20th century.
2. Bulgaria chose the way of democratic development and market economy. (Web site)
3. Bulgaria has an industrialised, open free market economy, with a large, moderately advanced private sector and a number of strategic state-owned enterprises. (Web site)

Result

1. The result from these projects is not yet known but is hoped to bring a better market economy to the Faroe Islands.
2. In 1990 Bulgaria began converting from a socialist to a market economy, which was expected to result in a positive economic reversal. (Web site)

Prices

1. Catallactics is the praxeological theory of the way the market economy reaches exchange ratios and prices.

Curve

1. Still, in a market economy, movement along the curve can also be described as the choice of the increased output being worth the cost to the agents.

History

1. To develop a market economy under socialism is a great pioneering undertaking never tried before in history. (Web site)

Society

1. An 8 page paper which examines the theories of Thomas Hobbes and Karl Marx as they involve society and the State and market economy. (Web site)
2. British sociologists saw the market economy as a positive force, a source of order, harmony, and integration in society. (Web site)
3. I hope it doesn’t spillover, baby-with-the-bath-water-like, and create a generational animosity for a free market economy and open society in general.

Romania

1. In addition, Green Party of Romania is pleading for a free market economy, one which would allow for the creativity of the citizens.
2. Strong aspects of Romania are the technologically advanced market economy with substantial government participation. (Web site)

Ukraine

1. The move to a market economy since the independence of Ukraine has seen the demise of some of these concerns.

Income

1. They determine the income of every member of the market economy.

Profit

1. He also advocated a free market economy, which he believed was obstructed by profit making. (Web site)

Money

1. Given a market economy, then the laws of chance mean that a lot of money will end up in the hands of a few people. (Web site)
2. Money and the Role of Financial Institutions Students will understand the role of money and financial institutions in a market economy. (Web site)
3. Money emerged because barter could not support the market economy. (Web site)

Central Bank

1. Because of the fact that most countries have a central bank which operates in a market economy, there is no support to Islamic banks.
2. In 1997, the Cuban Government created the Cuban Central Bank to play a role in monetary policy similar to that of a central bank in a market economy.

Taiwan

1. Taiwan has a dynamic, export-oriented, free market economy.

Proponents

1. Proponents of market socialism argue that it combines the advantages of a market economy with those of socialist economics.

Competitive Market

1. The market economy advocates forces within a competitive market, which constitute the "invisible hand", to determine how resources should be allocated. (Web site)

Buyers

1. In a market economy, competition among buyers and sellers sets the market equilibrium, determining the price and the quantity sold. (Web site)

Agriculture

1. Fiji has a market economy based largely on agriculture (particularly sugar production), tourism, and light industries; gold and silver are mined. (Web site)

China

1. As leader of the Communist Party of China, Deng became a reformer who led China towards a market economy.

Civil Society

1. The G17 Institute continues to work at getting Yugoslav society and economy into a framework of a market economy and civil society. (Web site)

Program

1. Program on the Foundations of the Market Economy - A graduate course at New York University centered around Austrian economics.

Law

1. This has expanded the area of stability, prosperity, market economy and the rule of law -- in just one decade.
2. It builds on shared values: democracy, human rights, rule of law, good governance, market economy and sustainable development.
3. Russia has made little progress in building the rule of law, the bedrock of a modern market economy.

Private

1. However, anarchism has always included an individualist strain 10 supporting a market economy and private property, or morally unrestrained egoism.

Categories

1. Nature > Systems > Process > Transition
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