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WordNet-Online
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Definitions from the Webmarket economicsDefinition: Market economics refers to an economic system where production and distribution of goods and services are determined by the interactions between buyers and sellers within a free market. Sense 1: As a noun, market economics refers to the theory or practice of economics that emphasizes the role of markets in allocating resources and determining prices. Example sentence: Understanding the principles of market economics is crucial for individuals interested in studying the dynamics of supply and demand. Sense 2: As an adjective, market economics describes economic policies that promote free market conditions and competition. Example sentence: The country experienced significant economic growth after implementing market economics reforms. Sense 3: As a broader concept, market economics can refer to the overall economic environment affected by market forces and conditions. Example sentence: The rapid advancement of technology has led to profound changes in the world of market economics. Related products on Amazon: | ||||
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