| 单词 | market economy |
| 释义 | market economy An economic system in which the main decisions regarding production, distribution, and exchange are made by the market, i.e. by the forces of supply and demand. The opposite is a controlled (or command) economy, as in the former communist countries, in which supply was controlled and prices were fixed by governments. In a mixed economy capitalism is encouraged but the government intervenes to control an unbridled market economy, using legal safeguards to protect the poor, sick, elderly, etc., from exploitation and to protect consumers from exploitation by monopolies. |
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