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Market economy
Summary
- A market economy is an economy in which goods and services are traded, with the price at which goods and services are exchanged being determined by trades that occur as a result of sellers' asking prices matching buyers' bid prices.
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| | Soundex: M623 ( M623 E25 )
Metaphone: MRKTKNM
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* This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Market economy".
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