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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.

 

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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