market economy

{
  "id": "MLC-T-AGR-003932",
  "term": "market economy",
  "field": "Agriculture and food",
  "definition": "An economic system in which goods and services are exchanged in a market free from government regulation or direction, and production and consumption of goods and services is driven by consumer demand and producer supply.",
  "synonyms": [
    "market economies"
  ],
  "subject": "Economics, Trade, Law, Business, Industry",
  "see_also": [
    "economic systems",
    "mixed economy",
    "trade",
    "markets",
    "capitalism",
    "supply balance",
    "transitional economic systems",
    "private sector",
    "consumer economics"
  ],
  "references": [
    "NAL Agricultural Thesaurus and Glossary"
  ],
  "translations": {
    "es": "economía de mercado"
  },
  "url": "https://mlchart.com/terminology/agriculture/market-economy/"
}