market economy
/ˌmɑːkɪt ɪˈkɒnəmi/noun
उच्चारण मार्किट इकॉनमी
बाज़ार अर्थव्यवस्था
Advanced word
noun
- 1
[C]
an economic system in which prices and wages are decided mainly by demand and supply, with little control by the government
बाज़ार अर्थव्यवस्था
- After 1991, India moved closer to a market economy.
- In a market economy, businesses compete to attract customers.
Synonyms free-market economy
Opposite command economy planned economy