market economy
ˌmarket eˈconomy
noun [countable]
an economic system in which companies are not controlled by the government but decide what they want to produce or sell, based on what they believe they can make a profit from
ˌmarket eˈconomy
noun [countable]an economic system in which companies are not controlled by the government but decide what they want to produce or sell, based on what they believe they can make a profit from